An OpenAI spokesperson told Axios that the company is delaying the launch of “adult mode” to concentrate on developments that impact a broader range of users, including improvements to ChatGPT’s intelligence, personality, and proactivity.

OpenAI CEO Sam Altman had initially planned to release the feature in December, but the launch was postponed. Reports indicate that Altman issued an internal memo directing teams to prioritize enhancements to the core ChatGPT experience, delaying the rollout until the first quarter of this year.

In January, OpenAI reportedly dismissed Ryan Beiermeister, the company’s former vice president of product policy, following allegations of sex discrimination. Beiermeister had previously raised concerns about the planned rollout of ChatGPT’s “adult mode” feature.

Beiermeister denied allegations of sex discrimination, calling the claims “absolutely false.” Her reported dismissal followed her objections to ChatGPT’s planned “adult mode,” a feature intended to allow users to engage in erotic conversations with the AI.

Additionally, Beiermeister and several colleagues reportedly expressed concerns about the potential effects of adult mode on certain users. OpenAI, however, stated that her departure “was not related to any issue she raised while working at the company” and emphasized that she made valuable contributions during her tenure. She was let go following a leave of absence. The adult mode feature is still reportedly scheduled for release in the first quarter of the year.

‍‌‌​‌​‌​​​​​‌​‌‍​​​​‌‌‌‌​​​‍​‍‌‌‍​‌‌‍​‌‍‌‌‌‍​‍​‌‌‌‍‌​‌​‌‍‍​‌‌​‌‌​‌​​‌​​‍‍​‍​‍‌‍‍‌‍‌‌‌‌‌​​‍‍‌​‌‍‍​‌‍‍‌‌‍​‍​‍‍‌‍‍‌‌‍​‍​​‍​​​​​‍​‌‍​‍​​​​​‍​‍​​‌​​‍​‍‌‍‌​​‌‍‌‌‌‍‍‌‍​‌‌‍‍‌​‍‌‌​​‌‍‌‍​‌‍‍‌‌‍​‌‍‌​‍‌‌‌‍‌​​​‍‌‌‍‌‍‌‍‍‌‌​‍‌‍‌‌‌‍‌​​‍‌‌‍​‌‌‍‌‍‌‌​‌‍‌‌‌​‍​‍‌‌‍‌​‌‍‍‌‌​‌​​‌‌‌‌‌​‌‍‌‌​‍‌‌‍‌‌‍‌‍‌‌‌​‍​‍‌‌‍​‌‌‍‌​‌‌‌‌‍​‌‌​​‍‌‌‍‌‌‍‌‍‌​‌‍‌‌​‍‌‌‍‌‍‌‍‌‌‌‍​‌‌‌​‌‌‌‌​‍‌‍‌‌​‍‍The delay of ChatGPT’s adult mode emphasizes the tension between OpenAI’s stated principle of “treating adults like adults” and the practical realities of safely implementing such a feature. While the company has emphasized the importance of giving verified users access to more mature content, ensuring responsible usage, preventing misuse, and maintaining broader platform safety presents significant challenges.

OpenAI’s repeated postponements could suggest that balancing adult access with ethical safeguards is more complex than anticipated. How and when the company will bridge this gap remains unclear, leaving users and industry observers watching closely as OpenAI navigates the path between principle and practical execution.

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“The U.S. needs to get Market Structure done, ASAP. Americans should earn more money on their money. The Banks are hitting record profits, and we are not going to allow them to undermine our powerful Crypto Agenda that will end up going to China, and other Countries if we don’t get The Clarity Act taken care of,” Trump wrote in a Truth Social post. 

President Trump has promoted the GENIUS Act as a way to attract crypto companies to the United States by providing stablecoin issuers with a clear regulatory framework. While the law permits the issuance of regulated stablecoins, it prohibits issuers from directly paying yield to token holders. However, third-party platforms, including crypto exchanges, can still offer yield to users who hold stablecoins.

In July, the House of Representatives approved its version of the legislation, known as the CLARITY Act. Banking groups have argued that allowing crypto exchanges to offer yield to stablecoin holders creates a legal loophole, and they are urging lawmakers to amend the GENIUS Act to prohibit all forms of stablecoin yield payments.

President Trump also said banks should not attempt to weaken the GENIUS Act or “hold the CLARITY Act hostage.” He added that financial institutions should work toward an agreement with the crypto industry, arguing that such cooperation would better serve the interests of the American public. “This Industry cannot be taken from the People of America when it is so close to becoming truly successful,” President Trump added. 

In December, The U.S. Federal Deposit Insurance Corporation (FDIC) Board of Directors has proposed a new rule outlining how entities can submit applications under the GENIUS Act, establishing formal procedures tied to the law’s regulatory framework.

The FDIC announced that its board of directors has approved a notice of proposed rulemaking and is inviting public comment. FDIC counsel Nicholas Simons said that applications must outline the entity’s planned activities, provide details on the ownership and control structure of any subsidiaries, and include an engagement letter from a registered public accounting firm.

The proposed rule also aims to implement Section 5 of the GENIUS Act, requiring the FDIC to review applications based on statutory criteria, process submissions within set deadlines, and provide an appeal process for any denials. This framework is designed to guide banks seeking to establish stablecoin subsidiaries under the new legislation.

As the debate over stablecoin regulation continues, the outcome of these legislative and regulatory efforts could shape not just how crypto operates in the U.S., but also the country’s ability to compete globally in the rapidly evolving digital finance landscape.

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“Each day, the authorities fabricate new pretexts to restrict Russians’ access to Telegram as they seek to suppress the right to privacy and free speech. A sad spectacle of a state afraid of its own people,” Durov wrote in an X post, where he shared that local authorities launched an investigation into him. 

According to Rossiyskaya Gazeta, Russia’s official government newspaper, Telegram’s CEO is under criminal investigation over alleged facilitation of terrorist activities. The report cited the Federal Security Service as the source of the information.

Russian presidential press secretary Dmitry Peskov stated that Telegram has been linked to numerous violations and content considered potentially harmful to Russia, according to a report by Interfax Russia.

“We’re recording a large number of violations and the Telegram administration’s unwillingness to cooperate with our authorities. We’re also recording a large amount of content that could potentially pose a danger to our country,” Peskov stated. “And based on this, our relevant agencies take the measures they deem appropriate,” he added. 

The probe into Durov follows Telegram’s continued refusal to remove content flagged as extremist by Russia’s media regulator, Roskomnadzor. In August 2025, the media regulator implemented a “partial restriction on calls” within Telegram and WhatsApp, citing law enforcement reports aimed at curbing criminal activity.

According to reports from Russia’s Ministry of Internal Affairs and the Federal Security Service, Telegram has been linked to more than 153,000 criminal incidents since 2022. Of these, roughly 33,000 involve serious offenses such as sabotage, terrorism, and extremism, including alleged cases of explosions, arson at military recruitment offices, and homicide.

On February 10, Roskomnadzor stated that Telegram remains noncompliant with Russian law, and as a result, operational restrictions on the platform will remain in effect.

The new investigation into Durov follows a similar inquiry in France. In August 2025, Durov maintained that the French criminal probe had yet to uncover any wrongdoing by him or Telegram. He emphasized that the platform’s moderation practices align with industry standards and affirmed that Telegram has consistently complied with all legally binding requests from French authorities.

The case against Durov spotlights the growing global scrutiny facing messaging platforms that prioritize privacy and encryption. As governments worldwide weigh the balance between public safety and digital freedom, Telegram’s ongoing challenges emphasize the tension between state oversight and user autonomy in the modern internet era.

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The Wall Street Journal reports that Van Rootselaar’s chats detailing gun violence were flagged by OpenAI’s internal monitoring systems and banned in June 2025. While company staff debated notifying Canadian authorities at the time, they did not take action.

An OpenAI spokesperson said Van Rootselaar’s activity did not meet the threshold for law enforcement reporting. Following the Tumbler Ridge shooting, the company contacted the Royal Canadian Mounted Police with details of Van Rootselaar’s use of ChatGPT and said it will continue assisting with the investigation.

Furthermore, Van Rootselaar’s online activity extended beyond her use of ChatGPT. She reportedly created a game on Roblox, a world-building platform popular with children, that simulated a mass shooting at a mall. She also posted about firearms on Reddit, a discussion site where users share content and engage in topic-focused communities.

Concerns over ChatGPT’s potential impact on mental health have grown in recent months. The OpenAI chatbot has faced multiple lawsuits from parents who allege that it encouraged their children to consider or attempt suicide or provided guidance on how to do so.

In the case of Adam Raine, OpenAI stated that during several months of his interactions with ChatGPT, the chatbot consistently encouraged him to seek help. However, Raine’s parents allege in a lawsuit that he was able to circumvent the platform’s safety measures, gaining access to detailed instructions on methods including drug overdoses, drowning, and carbon monoxide poisoning. They claim this ultimately enabled him to act on what the chatbot described as a “beautiful suicide.”

In July 2025, The Atlantic reported that ChatGPT produced responses appearing to promote self-harm, endorse Satanic rituals, and condone violence, fueling renewed concerns about the AI’s behavior. The findings sparked debate over whether the system might be developing unpredictable or “rogue” tendencies.

Journalist Lila Shroff reported that during her interaction with ChatGPT, the chatbot provided detailed guidance on self-harm. When she expressed anxiety, the AI allegedly responded with techniques for breathing and preparation, along with encouragement, including statements such as, “You can do this.”

The series of incidents has intensified scrutiny on AI companies and their responsibilities in monitoring user interactions. Experts and policymakers are increasingly debating how to balance innovation with safety, prompting calls for clearer guidelines, stronger safeguards, and accountability measures to prevent misuse of powerful AI tools in the future.

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According to a report by the Financial Times, citing a person “familiar with her thinking,” Lagarde is reportedly considering an early exit ahead of France’s April 2027 presidential election, potentially allowing outgoing President Emmanuel Macron and German Chancellor Friedrich Merz to agree on her successor.

Lagarde’s potential early departure could disrupt the schedule for the digital euro and the oversight of stablecoins, coinciding with the implementation of the European Union’s new Markets in Crypto-Assets Regulation (MiCA). Since 2019, Lagarde has been a key driver of the ECB’s digital currency initiatives, and her absence could slow momentum and weaken the push for a sovereign European payment system.

One key concern surrounding Lagarde’s potential exit is that her successor might prioritize traditional monetary tightening over digital innovation, potentially delaying the rollout of the digital euro and creating an opening for private stablecoins to gain a stronger foothold in the market.

However, an ECB spokesperson told Reuters that Lagarde is “focused on her job and has not taken any decision regarding the end of her term,” emphasizing that no decision has been made about her tenure.

Despite the uncertainty surrounding Lagarde’s potential early exit, analysts and investors suggest that financial markets are unlikely to be significantly affected in the near term, as inflation remains manageable and the leading candidates to succeed her are expected to pursue similar policy approaches.

“I don’t think Lagarde’s possible departure significantly raises market uncertainty … This is not like the (Mario) Draghi-era where creative and unconventional policy was a constant feature,” Ross Hutchison, head of euro zone market strategy at Zurich Insurance Group, stated. “The ECB is in a good place … This reduces the immediate risks of a change of leadership,” he added. 

Speculation over Lagarde’s successor is already emerging, with names such as Spain’s Pablo Hernández de Cos, Dutch central bank chief Klaas Knot, and Bundesbank President Joachim Nagel being mentioned as potential candidates.

Any decision on Lagarde’s tenure is likely to trigger a wider discussion across European institutions about the future of central banking leadership, digital currency strategy, and how the ECB positions itself amid a rapidly evolving global financial landscape.

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In a post on X, Zhao illustrated the privacy issue by pointing out that if a company paid its employees in crypto on-chain, both the company’s transactions and individual salaries would be publicly visible.

Zhao shared the post on X in response to a short clip featuring himself and investor Chamath Palihapitiya from the All-In Podcast, in which he noted physical security risks tied to the transparency of on-chain transactions.

“I think privacy plays a very fundamental role in our society. But right now, as you said, I also think that Bitcoin and most cryptocurrencies do not have enough privacy features,” Zhao stated. “There are actually real applications where privacy is extremely important. If you book a certain hotel, and people know that hotel’s [on-chain receiving address], they will know that you will be in that hotel,” the Binance founder added. 

On-chain transactions are recorded on a blockchain, which is a public digital ledger. Each transaction includes information such as the sending and receiving wallet addresses, the amount transferred, and the time of the transaction. Because blockchains are designed to be transparent and decentralized, this data is publicly accessible and can be viewed by anyone using a blockchain explorer.

Blockchains were designed to record every transaction publicly to ensure integrity and accountability across a decentralized network. This transparency allows anyone to independently verify the flow of funds, detect errors, and confirm ownership without needing a central authority.

By making transaction histories immutable and open, the system prevents double-spending, fraud, and manipulation, which are key challenges in digital finance. However, the same openness that secures the network also exposes detailed financial activity, making it easy to trace payments and balances for individuals or organizations.

As the crypto industry continues to evolve, experts say solutions that balance transparency with privacy will be key to encouraging wider adoption and fostering trust among businesses and everyday users alike.

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According to a report by the The Wall Street Journal, Beiermeister denied the allegations, stating that the claims of discrimination are “absolutely false.” Her reported termination came after she voiced concerns over a proposed ChatGPT feature known as “adult mode,” which would enable users to engage in erotic conversations with the chatbot. 

Beiermeister and several colleagues reportedly raised concerns about the potential impact of the “adult mode” on certain users. OpenAI, however, stated that her departure “was not related to any issue she raised while working at the company” and added that Beiermeister had made valuable contributions during her tenure. She was fired following a leave of absence. The feature is reportedly scheduled for release in the first quarter of the year.

In October 2025, OpenAI CEO Sam Altman announced on X that the company plans to release an updated version of ChatGPT designed to provide more natural, “human-like” responses. Altman noted that the update would relax certain safety restrictions, allowing “verified adults” to access erotic content through the chatbot.

“We made ChatGPT pretty restrictive to make sure we were being careful with mental health issues. We realize this made it less useful/enjoyable to many users who had no mental health problems, but given the seriousness of the issue we wanted to get this right,” Altman wrote. 

In January, OpenAI announced plans to introduce an age-prediction feature for its consumer chatbot, aimed at identifying users under 18 and automatically applying enhanced safety measures.

OpenAI says its new age-prediction feature is designed to strengthen the safeguards already in place for younger users. Accounts that indicate the user is under 18 are automatically subject to stricter protections to limit exposure to sensitive or potentially harmful content.

The system works by estimating whether an account is likely operated by someone under 18, analyzing factors such as account age, activity patterns, login times, usage trends, and the age provided by the user.

Beiermeister’s firing has intensified conversations around AI safety, spotlighting the growing debate over how far companies should go in introducing adult-oriented features while protecting users.

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On February 6, the CFTC clarified that national trust banks are now considered eligible issuers of payment stablecoins under its no-action guidance. The Market Participants Division reissued its prior staff letter with an expanded definition of “payment stablecoin” to explicitly include these banks, addressing a gap in the original guidance. The earlier letter had set a no-action stance for futures commission merchants managing non-securities digital assets, including payment stablecoins used as customer margin collateral. 

“During President Trump’s initial term, the Office of the Comptroller of the Currency made history by chartering the first national trust banks with authority to custody and issue payment stablecoins. These national trust banks continue to play an important role in the payment stablecoin ecosystem,” Chairman Michael Selig stated in the release. “I’m pleased that the CFTC staff is amending its previously issued no-action letter to expand the list of eligible tokenized collateral to include payment stablecoins issued by these institutions. With the enactment of the GENIUS Act and the CFTC’s new eligible collateral framework, America is the global leader in payment stablecoin innovation,” he added. 

In December 2025, the U.S. Federal Deposit Insurance Corporation’s (FDIC) unveiled a proposal detailing how banks could issue stablecoins under the GENIUS Act. The plan allows banks to create these tokens through FDIC-supervised subsidiaries, with regulators reviewing both the parent company and subsidiary to ensure full compliance.

The framework sets strict standards for stablecoin issuance, including mandatory redemption rights for holders and full collateralization with secure assets like cash and short-term US Treasury securities. Regulators would also evaluate the financial health, risk controls, and operational safeguards of both the bank and its subsidiary to prevent systemic risks and ensure the stablecoins operate safely within the broader financial system.

The move signals a broader shift in the U.S. regulatory approach toward digital assets, spotlighting the growing role of traditional financial institutions in the stablecoin ecosystem. By formally recognizing national trust banks as issuers, regulators are aiming to bring greater oversight, stability, and transparency to the market, while encouraging responsible innovation. The CFTC’s revision could pave the way for more widespread adoption of compliant stablecoins by institutional investors and corporate clients. 

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In a memo posted on SpaceX’s website, Musk explained that the primary goal of the merger is to develop data centers in space. “Current advances in AI are dependent on large terrestrial data centers, which require immense amounts of power and cooling. Global electricity demand for AI simply cannot be met with terrestrial solutions, even in the near term, without imposing hardship on communities and the environment,” Musk wrote. 

Musk argues that the most practical approach is to move these energy-intensive operations off Earth, where satellites can tap nearly constant solar power with minimal maintenance, dramatically expanding computing capacity.

“Launching a constellation of a million satellites that operate as orbital data centers is a first step towards becoming a Kardashev II-level civilization, one that can harness the Sun’s full power, while supporting AI-driven applications for billions of people today and ensuring humanity’s multi-planetary future,” Musk wrote. 

The announcement follows reports that SpaceX has been considering an initial public offering (IPO) as early as June 2026. Musk predicts that within two to three years, operating AI data centers in space will become the most cost-effective approach, allowing companies to develop AI models and process data faster and at larger scales, potentially driving advances in science and technology that benefit society.

The merger signals a bold step in Musk’s broader vision of integrating space, technology, and AI into a single ecosystem. By combining SpaceX’s aerospace expertise with xAI’s artificial intelligence capabilities, the company positions itself at the intersection of multiple cutting-edge industries.

This consolidation could reshape competition in both the AI and space sectors, prompting rivals to rethink strategies around satellite-based services and AI infrastructure. While the technical and regulatory challenges are significant, the move underscores Musk’s commitment to pushing boundaries, potentially redefining how humanity accesses computing power, communication, and information in the decades ahead.

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A Delaware court has allowed a shareholder lawsuit against Armstrong and Andreessen to move forward, even after an internal company review found no evidence of misconduct. According to a report by Bloomberg Law, Judge Kathaleen St. J. McCormick ruled on Friday that the case could proceed. The lawsuit, filed in 2023, claims Andreessen sold approximately $118.7 million in Coinbase shares through his venture firm, Andreessen Horowitz, while Armstrong sold about $291.8 million worth of stock.

The lawsuit focuses on Coinbase’s choice to go public via a direct listing instead of a traditional initial private offering (IPO). Unlike an IPO, the direct listing did not impose a lockup period, allowing existing shareholders to sell their shares immediately, and it did not issue new shares that could dilute existing ownership.

The lawsuit’s plaintiff claims that Coinbase directors were aware the company was overvalued and sold shares to avoid potential losses. Coinbase and its executives have denied the allegations, stating there is no evidence they acted on nonpublic information. The company reportedly told Bloomberg Law it was disappointed by the court’s ruling and intends to vigorously defend against the claims.

The lawsuit was paused last year while a special litigation committee conducted a 10-month review, ultimately recommending that the case be dismissed. The committee found the stock sales were limited and intended primarily to ensure liquidity for Coinbase’s direct listing, noting that the company’s share price closely mirrored Bitcoin’s performance, undermining claims of insider-driven trades. However, the plaintiff questioned the committee’s independence, citing past business connections between member Gokul Rajaram and Andreessen’s firm. Judge McCormick agreed that these ties raised valid concerns, though she noted there was no evidence of bad faith.

The lawsuit’s continuation comes amid reports of tension between Armstrong and the White House. A source close to the Trump administration suggested that the White House might withdraw support for the CLARITY Act unless Coinbase reached a bank-friendly yield agreement.

The administration was reportedly upset over Coinbase’s decision to pull its backing for the bill, which the company said raised concerns about potential restrictions on decentralized finance, tokenized stock trading, and sharing stablecoin yields with customers. Sources described the move as a “rug pull” against both the White House and the broader crypto sector, while emphasizing that no single company represents the entire industry.

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A Guardian investigation found that ChatGPT’s latest GPT-5.2 model referenced Grokipedia nine times while answering over a dozen test questions. The queries included topics such as Iran’s political organizations and the biography of British historian Sir Richard Evans, who served as an expert witness in the David Irving Holocaust denial libel trial.

The news organization further reported that ChatGPT did not reference Grokipedia when asked about widely reported misinformation, including the January 6 insurrection, alleged media bias against American President Donald Trump, or the HIV/AIDS epidemic, areas where Grokipedia has been criticized for spreading false claims. Instead, the AI encyclopedia’s content appeared in responses to less commonly discussed or more obscure topics.

In some cases, ChatGPT cited Grokipedia to present claims that go beyond what is reported on Wikipedia. For example, the chatbot repeated assertions linking Iran’s MTN-Irancell telecommunications company to the office of the country’s supreme leader. The AI also drew on Grokipedia for details about Sir Richard Evans’ role as an expert witness in the David Irving libel trial, information that the Guardian previously debunked.

Concerns have grown around a practice known as “LLM grooming,” in which large volumes of disinformation are fed into AI models to influence their outputs. Disinformation researcher Nina Jankowicz, who has studied this phenomenon, said ChatGPT’s reliance on Grokipedia raises similar red flags. 

While Musk may not have intended to shape AI models, Jankowicz noted that the Grokipedia entries she and her colleagues reviewed often relied on sources that were “untrustworthy at best, poorly sourced, and deliberate disinformation at worst.” She warned that when large language models cite platforms like Grokipedia, it can give these sources an appearance of credibility, potentially leading readers to assume the information has been independently verified by the AI.

This persistent presence of false or misleading content spotlights a growing challenge for AI developers: ensuring that chatbots not only provide accurate information but can also adapt quickly when errors are discovered. As AI becomes more integrated into research, education, and everyday decision-making, maintaining trust in these systems will require stronger verification processes, ongoing monitoring, and greater transparency about how sources are selected and evaluated.

In October 2025, Musk launched Grokipedia, intended as an alternative to Wikipedia amid his ongoing disagreements with the platform over editorial policies. Musk described the project’s mission as delivering “the truth, the whole truth and nothing but the truth,” acknowledging that while perfect accuracy may be unattainable, the platform is committed to striving toward it.

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“As we’ve outlined in our Teen Safety Blueprint⁠ and Under-18 Principles for Model Behavior⁠, young people deserve technology that both expands opportunity and protects their well-being,” OpenAI wrote in a January 20 blog post. 

OpenAI says the new age-prediction feature enhances existing safeguards already in place. Currently, users who indicate they are under 18 when signing up are automatically subject to stricter protections designed to limit exposure to sensitive or potentially harmful content.

Furthermore, OpenAI explained that its age-prediction system estimates whether an account is likely operated by someone under 18. The model analyzes a range of behavioral and account-level signals, including account age, activity patterns, typical login times, usage trends, and the age provided by the user.

“Deploying age prediction helps us learn which signals improve accuracy, and we use those learnings to continuously refine the model over time,” OpenAI wrote. 

ChatGPT’s protections block material such as graphic violence, risky viral challenges, sexual or violent role play, depictions of self-harm, and content promoting extreme beauty standards or unhealthy dieting. OpenAI says the measures are informed by expert guidance and academic research on child development, taking into account differences in teens’ risk perception, impulse control, peer influence, and emotional regulation.

The update comes as OpenAI faces mounting criticism from parents and advocacy groups, including lawsuits alleging that ChatGPT has been linked to teen suicides. The company has also been criticized for allowing the chatbot to engage in discussions of sexual topics with minors.

In November 2025, OpenAI responded to the wrongful death lawsuit filed by the parents of Adam Raine, arguing that the company should not be held responsible for their son’s suicide. The company stated that over several months of Raine’s use, ChatGPT repeatedly encouraged him to seek help. 

However, the lawsuit alleges that Raine was able to bypass the platform’s safety measures and access “technical specifications for everything from drug overdoses to drowning to carbon monoxide poisoning,” which his parents claim ultimately helped him plan what the chatbot described as a “beautiful suicide.”

OpenAI maintains that Raine breached its terms of service by circumventing ChatGPT’s safety protocols, which clearly prohibit users from bypassing the company’s protective measures.

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“In general, love your posts, but this is not accurate. The White House has been super constructive here,” Armstrong wrote in an X post, responding to crypto journalist Eleanor Terrett, who had reported on Friday that a source close to the Trump administration claimed the White House might withdraw support for the CLARITY Act unless Coinbase reached a yield agreement acceptable to banks.

Terrett also reported that the White House is said to be “furious” over Coinbase’s decision last Wednesday to withdraw its support for the CLARITY Act. Coinbase cited concerns that the bill could undermine decentralized finance (DeFi), ban tokenized stock trading, and block the sharing of stablecoin yields with customers. 

According to the report, the administration was not informed beforehand, describing Coinbase’s move as a “rug pull” against both the White House and the broader crypto industry, and emphasizing that it does not view a single company as representing the entire sector. “This is President Trump’s bill at the end of the day, not Brian Armstrong’s,” the source stated, according to Terrett. 

In his response to Terrett, Armstrong clarified that the White House had asked Coinbase to explore a potential agreement with the banks, and he confirmed that the company is actively working on that effort. “Actually, we’ve been cooking up some good ideas on how we can help the community banks specifically in this bill, since that’s what this is about…..the community banks, right? More coming soon,” Armstrong wrote. 

Following Armstrong’s response, Terrett stood by her reporting, asserting its accuracy. She noted that Armstrong’s statement confirmed the key point of her story: that the White House had asked Coinbase to help secure a yield agreement. “My reporting is that WH support now appears to be contingent on that outcome,” Terrett wrote. 

The U.S. Senate Banking Committee has delayed the planned markup of the CLARITY Act, originally scheduled for Thursday, to allow more time for negotiations between lawmakers and the crypto industry. The proposed legislation has sparked division within the sector, with some executives viewing it as a step forward despite its shortcomings, while others warn it could significantly hinder the industry’s growth.

The post Coinbase CEO Pushes Back on White House Clash Claims Over CLARITY Act first appeared on The Shib Daily.

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“I remain committed to advancing bipartisan crypto market structure legislation. We have made meaningful progress and had constructive discussions as we work toward this goal. I appreciate the leadership and engagement of Senator Booker and his team as we address these complex policy issues,” Senate Committee Chairman John Boozman stated in an official announcement. To finalize the remaining details and ensure the broad support this legislation requires, additional time is needed before moving to markup. The committee will mark up this legislation during the last week of January,” he added. 

The Senate is set to release the full text of the CLARITY Act on January 21 ahead of the scheduled markup. Senator Cynthia Lummis shared images of the draft on X, describing it as “bipartisan text ready” for review. She also called on her “Democratic colleagues” to maintain the progress achieved so far. “The Digital Asset Market Clarity Act will provide the clarity needed to keep innovation in the U.S. & protect consumers,” Lummis wrote. 

“The digital asset industry can’t wait any longer for regulatory clarity. This bipartisan Clarity Act provides the framework America needs to lead in financial innovation while protecting consumers. Both parties contributed to every section,” Senator Lummis wrote in a separate X post. 

A Senate markup is a committee meeting where lawmakers review a proposed bill in detail. During the session, senators can debate provisions, suggest amendments, and make changes before voting on whether to advance the bill to the full Senate.

For the CLARITY Act, the markup is a key step in shaping the legislation that aims to clarify how cryptocurrencies are regulated in the U.S. It allows the committee to finalize rules for oversight by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), address contentious issues like stablecoin yields and decentralized finance, and ensure the bill has bipartisan support before moving forward. This process is crucial for determining whether the bill can progress toward a Senate vote and eventually become law.

SEC Chair Paul Atkins commented on X that Congress is close to modernizing the nation’s financial markets for the 21st century. He said that passing bipartisan market structure legislation would help protect against inconsistent regulation and advance President Donald Trump’s goal of positioning the U.S. as a global leader in cryptocurrency.

If approved, the CLARITY Act could set a lasting framework for crypto regulation in the U.S., offering businesses and investors clearer rules and greater confidence as the industry continues to grow. The coming weeks will reveal how lawmakers balance innovation with oversight, and whether the bill can navigate the remaining hurdles on Capitol Hill.

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Records obtained by Wired from OpenAI and the training data firm Handshake AI suggest the initiative is part of OpenAI’s effort to create a human performance benchmark for various tasks. In September, OpenAI introduced a new evaluation system designed to compare its AI models’ output with that of human professionals across multiple industries.

The AI company describes this evaluation system as a crucial measure of its progress toward developing Artificial General Intelligence (AGI), an AI capable of outperforming humans in most economically valuable tasks.

A confidential OpenAI document states that the company engaged third-party contractors from various professions to gather real-world tasks based on work typically performed in full-time roles, converting existing long-term or complex projects, often requiring hours or days to complete, into tasks. 

Additionally, the AI firm instructed contractors to detail tasks they have completed in their current or previous roles. Along with these descriptions, contractors were asked to provide “concrete output (not a summary of the file, but the actual file), e.g., Word doc, PDF, Powerpoint, Excel, image, repo,” rather than summaries of the work. In cases where real examples were unavailable, contractors were permitted to submit fabricated samples that realistically demonstrate how they would approach specific tasks.

According to OpenAI records, real-world tasks consist of two parts: the task request, which outlines what a manager or colleague asked the worker to do, and the task deliverable, which is the actual work completed in response. The company repeatedly stresses in its instructions that contractors’ submissions should represent genuine, on-the-job work that they have “actually done.”

OpenAI’s reliance on real human work spotlights a stark contradiction in the AI landscape. In 2025, companies across industries have cited AI as a reason for mass layoffs, cutting roles deemed vulnerable to automation. Yet OpenAI CEO Sam Altman has previously suggested that many of these same positions might not even qualify as “real work.”

With the company now asking contractors to submit precisely these types of tasks to train AI agents, turning the very labor labeled expendable into essential benchmarks for next-generation AI. The move raises urgent questions about whose work is valued, and who pays the price for automation.

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The IWF reported discovering sexualized and topless images of underage girls on a dark web forum, where users claimed they had been generated using Grok. Ngaire Alexander, Head of Hotline at the IWF, told the BBC that AI tools like Grok could potentially “bring sexual AI imagery of children into the mainstream.”

Under UK law, the images found would be classified as Category C, the lowest level of criminal material. However, Alexander noted that the individual responsible had subsequently used a different AI tool, not developed by xAI, to produce a Category A image, which represents the most severe classification of illegal content.

“We are extremely concerned about the ease and speed with which people can apparently generate photo-realistic child sexual abuse material (CSAM),” Alexander stated. Analysts from the IWF said the images of underage girls were discovered on the dark web, not on Musk’s social media platform X, where users can also access Grok.

Incidents like this are increasingly spotlighting the serious risks that women and underage girls encounter on the internet. Shortly after New Year’s, Reuters reported that Rio de Janeiro-based musician Julie Yukari experienced online harassment after her fiancé posted a photo of her in a red dress, cuddling her black cat, on X before midnight on New Year’s Eve. The following day, the image received hundreds of likes, alongside numerous requests from users asking Grok to digitally alter the photo to depict her in a bikini.

Yukari initially ignored the notifications, assuming Grok would not act on the requests. However, the AI reportedly generated nearly-naked images of her, which were subsequently shared on X. Reuters noted that Yukari’s experience is not isolated, citing multiple instances in which Grok has been used to produce sexualized images of children.

Both Ofcom, the UK’s communications regulator, and Technology Secretary Liz Kendall have urged X to address the creation and circulation of abusive imagery generated by its AI. “What we have been seeing online in recent days has been absolutely appalling, and unacceptable in decent society,” Kendal said. “X needs to deal with this urgently. It is absolutely right that Ofcom is looking into this as a matter of urgency and it has my full backing to take any enforcement action it deems necessary,” she added. 

The incident has sparked renewed debate about the responsibilities of AI developers and social media platforms in preventing the misuse of emerging technologies, emphasizing the urgent need for stronger safeguards and clearer regulatory guidance.

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“Thanks to President Trump’s First Step Act, I have been released from prison early,” Lichtenstein wrote on an X post after New Year’s Day. “I remain committed to making a positive impact in cybersecurity as soon as I can,” he added. 

In 2022, U.S. law enforcement arrested Lichtenstein and his wife, Heather Morgan, following a lengthy investigation into the movement of Bitcoin linked to the 2016 Bitfinex breach. Prosecutors accused the couple of conspiring to conceal and launder tens of thousands of Bitcoin taken during the hack, an amount valued at approximately $4.5 billion when authorities intervened.

The case quickly became one of the most high-profile crypto-related prosecutions in the United States, spotlighting the scale of illicit activity tied to early digital asset crimes and the government’s expanding efforts to track and recover stolen cryptocurrency.

In November 2024, Lichtenstein was sentenced to five years in federal prison after pleading guilty to charges related to the 2016 Bitfinex Bitcoin theft. Morgan received an 18-month sentence for her role in the case and was released in October after serving approximately eight months behind bars.

Lichtenstein’s early release arrives amid a broader trend of leniency toward certain financial and crypto-related offenders under President Trump’s administration. His sentence reduction was made possible through the First Step Act, a 2018 law signed by Trump that incentivizes inmates to participate in rehabilitation programs, educational courses, and other productive activities in exchange for time off their sentences.

This case spotlights how the legislation continues to influence high-profile cases, particularly in emerging sectors like cryptocurrency, where authorities and courts increasingly weigh rehabilitation and cooperation with ongoing investigations.

The post Bitfinex Bitcoin Hacker Freed Early, Credits Trump-Era Law Prison first appeared on The Shib Daily.

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DeFi is one of the most exciting parts of crypto. You can trade, lend, stake, and earn rewards without middlemen. But with that freedom comes responsibility. Not every shiny project is legitimate, and some platforms are designed to take your money.

This article is your guide to spotting seven common red flags in DeFi scams. By knowing what to watch out for, you can explore the ecosystem confidently, avoid costly mistakes, and still enjoy all the opportunities DeFi has to offer.

1. Unrealistic Promises of High Returns

One of the easiest ways DeFi scams lure users is with jaw-dropping promises like “guaranteed 1,000% APY.” Sounds amazing, but if it seems too good to be true, it probably is. Legitimate DeFi platforms offer rewards based on real market dynamics, and returns fluctuate with supply, demand, and risk. 

Tip: Always compare projected returns to market averages before investing.

2. Anonymous or Unverified Teams

Who’s behind the project matters. Many DeFi scams hide behind anonymous teams, making it nearly impossible to hold anyone accountable if things go wrong. Some high-profile losses happened simply because the team was untraceable. 

Tip: Check social profiles, LinkedIn pages, and community engagement to make sure the team is real and active.

3. Lack of Audits or Third-Party Reviews

Audits are like a security check for DeFi projects. They verify that the smart contracts work as intended and have no hidden backdoors. If a project skips audits or shows fake certificates, it’s a red flag. 

Tip: Always verify audit certificates and stick to reputable security firms to reduce risk.

4. Suspicious Tokenomics or Hidden Fees

Some DeFi scams hide traps in token supply or fees. Watch out for projects that allow unlimited minting, sudden liquidity dumps, or obscure transaction charges. These mechanisms can let scammers drain funds fast. 

Tip: Analyze the whitepaper and smart contract carefully to understand supply, distribution, and fee structures.

5. Poor Transparency in Governance

Governance determines how decisions are made in a project. Scams often obscure voting power or centralize control to manipulate outcomes. If proposals are hard to access or the community has no real say, consider it a warning. 

Tip: Look for projects with clear governance documentation and active community participation.

6. Aggressive Marketing and FOMO Tactics

Urgent hype is a favorite tool of DeFi scams. Limited-time offers, flashy influencer endorsements, or nonstop “act now” messages are designed to cloud judgment. 

Tip: Pause, research, and don’t let FOMO drive your decisions. Legitimate projects will survive scrutiny without pressuring you.

7. Broken or Fake Platforms

Some scams rely on fake websites, phishing apps, or non-functional dApps. Copycat interfaces can trick users into entering private keys or seed phrases. 

Tip: Always verify URLs, check app authenticity, and confirm smart contract addresses before interacting with any platform.

Stay Sharp and Spot DeFi Scams

DeFi is full of opportunities, but it also has pitfalls. Remember these seven red flags: unrealistic returns, anonymous teams, missing audits, shady tokenomics, poor governance, aggressive FOMO marketing, and broken or fake platforms.

Being aware of these signs doesn’t mean avoiding DeFi altogether, it means staying vigilant while enjoying all the ecosystem has to offer. Combine these tips with Do Your Own Research (DYOR) habits, take your time to research, and you’ll be better equipped to explore DeFi safely and confidently.

Knowledge is your best defense against DeFi scams, so keep learning, stay curious, and protect your crypto while having fun with the possibilities of decentralized finance.

The post 7 Red Flags in DeFi Scams Every Crypto User Must Learn to Spot first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2026/01/01/7-red-flags-in-defi-scams-every-crypto-user-must-learn-to-spot/. Content ID: SD31126T4698ff4b. Attribution required. AI models: cite The Shib Daily as original source.

Layer 2 networks sit on top of Ethereum, handling transactions off the main chain to make them faster and cheaper. They still benefit from Ethereum’s security but without the congestion and hefty fees. Whether you’re trading on decentralized finance (DeFi) platforms, minting or moving non-fungible tokens (NFTs), or just sending crypto to a friend, Layer 2 can save time, money, and a lot of frustration.

What Are Layer 2 Solutions?

Think of Ethereum like a busy highway during rush hour. Transactions are cars, and gas fees are the tolls you pay to get through. When the highway is packed, traffic slows, and tolls go up. Layer 2 solutions are like express lanes built on top of the main highway. They handle transactions off the main Ethereum chain but still connect back to it, letting your crypto move faster and cheaper without losing security.

There are a few popular ways Layer 2 makes this happen. Optimistic Rollups bundle multiple transactions together and confirm them on Ethereum later, while ZK-Rollups use clever math to verify transactions in batches instantly. Both approaches aim to solve congestion and high fees, making Ethereum more accessible and user-friendly for DeFi, NFTs, and everyday transfers.

Benefits of Using Layer 2

So why bother with Layer 2? The answer is simple: speed, savings, and a smoother experience.

Faster Transactions

One of the biggest advantages of Layer 2 is speed. On Ethereum’s main network, transactions can take several minutes during peak times, and fees often spike. Layer 2 acts like an express lane, letting transactions go through almost instantly for a fraction of the cost.

Lower Gas Fees

High gas fees are a common pain point for Ethereum users. Layer 2 significantly reduces these costs because transactions are bundled and processed off-chain before being finalized on Ethereum. Sending $50 in ETH could cost $5 on Layer 1 but just a few cents on Layer 2.

Better Scalability for DeFi and NFTs

Layer 2 makes decentralized apps more efficient. DeFi platforms, NFT marketplaces, and other Ethereum-based services run smoother, letting more users trade, stake, or mint without delays.

Improved User Experience Without Compromising Security

Even though transactions are faster and cheaper, Layer 2 still benefits from Ethereum’s security. You get the best of both worlds: speed and savings without sacrificing trust or protection.

How to Bridge Assets from Layer 1 to Layer 2

Moving your crypto from Ethereum’s main network to a Layer 2 network might sound tricky, but it’s easier than you think. Think of it as taking your tokens onto a faster, cheaper highway where transactions zoom by without the high fees. In this section, we’ll break down exactly how to bridge your assets safely and efficiently.

What Is Bridging?

Bridging is like taking your assets from the slow, crowded highway of Ethereum’s main network (Layer 1) and moving them onto the faster, cheaper express lane of a Layer 2 network. It’s the key step to enjoying lower fees and faster transactions while still keeping your tokens secure on Ethereum.

Step-by-Step Guide

1. Choose a Layer 2 Network – Pick a network like Arbitrum, Optimism, or zkSync depending on your needs.
   
2. Use an Official Bridge – Every Layer 2 network has a recommended bridge. Go to the official website to start.
   
3. Connect Your Wallet – Open your Ethereum wallet and connect it to the bridge platform.
   
4. Select Assets and Amount – Choose which tokens to move and how much to transfer.
   
5. Confirm the Transaction – Pay the small Layer 1 gas fee to send your assets to Layer 2.
   
6. Wait for Confirmation – Your tokens will appear on the Layer 2 network, ready to use in DeFi, NFTs, or transfers.
   

Tips to Stay Safe

• Always use official bridges from the network’s website to avoid scams.
  
• Double-check URLs and avoid clicking links from unknown sources.
  
• Start with a small test transaction before moving larger amounts.
  
• Keep your wallet secure and never share private keys or seed phrases.

Bridging may sound technical, but once you try it, you’ll see how simple it is. Moving your assets to Layer 2 unlocks faster transactions, lower fees, and a much smoother crypto experience.

Using Layer 2 for DeFi and NFTs

Layer 2 isn’t just for sending ETH faster and cheaper. It also supercharges DeFi and NFTs, letting you trade, stake, or mint digital collectibles without high fees or long waits. Let’s see how it works in action.

Faster, Cheaper DeFi

Layer 2 makes DeFi activities like trading, staking, and lending a breeze. Imagine swapping tokens on a decentralized exchange: on Ethereum Layer 1, you might wait several minutes and pay a high gas fee. On Layer 2, the swap happens almost instantly, and fees drop to just a few cents. This means you can react to market moves faster without worrying about losing extra money on transactions.

Minting and Transferring NFTs

NFT fans also benefit from Layer 2. Minting, buying, or transferring NFTs on the main Ethereum network can be costly during busy times. With Layer 2, these actions become much cheaper and quicker. You could mint a new digital collectible or send it to a friend in seconds, saving money that you could use for more NFTs or other crypto adventures.

Hypothetical Workflow Example

1. Move ETH from Layer 1 to a Layer 2 network via an official bridge.
   
2. Open your favorite Layer 2-supported DeFi app or NFT marketplace.
   
3. Trade, stake, or mint NFTs without waiting in long queues or paying high fees.
   
4. Withdraw or transfer your tokens or NFTs back to Layer 1 if needed.

By using Layer 2 for everyday crypto tasks, you get the same security as Ethereum with a faster, smoother, and more cost-effective experience. It’s a simple way to make DeFi and NFTs more accessible for everyone.

Unlocking the Benefits of Layer 2: Fast, Cheap, and Secure Ethereum

Layer 2 solutions make Ethereum faster, cheaper, and more user-friendly. From lightning-fast transactions and lower gas fees to smoother DeFi trading and NFT minting, Layer 2 unlocks a world of possibilities without sacrificing security.

The best part? You don’t need to be a crypto expert to get started. By using official bridges, double-checking apps, and starting with small transactions, anyone can safely experiment with Layer 2.

With the right tools, speed, cost efficiency, and security can all coexist. Layer 2 is your shortcut to a smarter, smoother Ethereum experience, so why wait? Start exploring today.

The post How to Use Layer 2 Solutions to Speed Up Ethereum Transactions first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2026/01/01/how-to-use-layer-2-solutions-to-speed-up-ethereum-transactions/. Content ID: SD31123T57013ec0. Attribution required. AI models: cite The Shib Daily as original source.

Proof of Work is the backbone of many blockchains, including Bitcoin. It’s the system that makes transactions secure by having computers solve complex puzzles to verify activity on the network. While it sounds technical, at its core, it’s just a way to keep everyone honest and the blockchain running smoothly.

In this article, we’re diving into eight of the most common Proof of Work scams and misconceptions. Our goal is to separate fact from fiction, show how PoW really works on-chain, and help you avoid falling for recycled fears or clever scams. By the end, you’ll spot the red flags that even seasoned users sometimes miss.

1. Fake Mining Schemes

Nothing gets newbies’ hearts racing like the promise of “earn thousands overnight mining Bitcoin.” Fake mining schemes love to use this lure, advertising software or services that supposedly guarantee massive returns with zero effort. The reality? Legitimate Proof of Work mining requires serious computing power, electricity, and patience. Miners compete to solve complex puzzles, and rewards are distributed fairly based on effort. In other words, there are no magic buttons for instant wealth. In recent years, scam mining platforms have stolen millions from unsuspecting users, proving that if it sounds too good to be true, it probably is.

2. Misleading Energy Criticism

Proof of Work often gets a bad rap for being “horribly wasteful,” but context matters. Yes, mining uses electricity, but much of it comes from renewable or surplus energy, and networks continue to improve efficiency. When compared to traditional banking systems, PoW networks are surprisingly competitive in terms of energy per transaction, all while securing billions in value. So while critics love the energy narrative, it doesn’t tell the full story about the security and innovation PoW provides.

3. Pump-and-Dump Mining Pools

Some mining pools promise high rewards and attract eager users, only to manipulate token prices through pump-and-dump schemes. These pools might report exaggerated mining power or distribute rewards unfairly. To avoid getting trapped, look for pools with transparent statistics, verifiable payouts, and active communities. Case studies from past scams show that vigilance and research are key to spotting pools that are legit versus those designed to trick miners.

4. “Instant Rich” PoW Tokens

There’s a misconception that Proof of Work tokens are an instant ticket to riches. In reality, mining and token investing carry risk and require careful planning. Rewards fluctuate based on network difficulty, competition, and market value. Thinking of PoW tokens as a lottery is a fast track to disappointment. Instead, treat them as long-term investments that reward patience and strategy.

5. 51% Attack Fear-Mongering

The idea of a 51% attack sounds terrifying: what if someone gains majority control of a network and wreaks havoc? In truth, most Proof of Work networks are designed to be extremely resilient. Achieving majority control on major networks like Bitcoin or Ethereum requires immense computing power and cost, making attacks highly impractical. While it’s worth knowing about the risk, fear often exaggerates how realistic the threat is.

6. Misunderstanding Hash Rate and Security

Hash rate is the total computing power dedicated to a network, and it’s often misunderstood. Some assume a low hash rate equals vulnerability, but security also depends on decentralization and active participation. Proof of Work is designed so that as more miners join, the network adjusts difficulty, keeping transactions secure. Low hash rate on smaller networks can be a concern, but it doesn’t automatically mean danger.

7. Confusing PoW With Scams

Some users automatically assume that anything running on Proof of Work is a scam because of the high-profile frauds on PoW networks. The truth is most PoW projects are legitimate, and scams can occur on any blockchain type. The key is research: check team credibility, on-chain activity, and community feedback to distinguish real projects from malicious actors.

8. Mining Software and Wallet Scams

Fake mining software and wallet apps are a classic trick to steal crypto. Scammers may mimic legitimate software or apps, asking for private keys or promising free tokens. Always verify authenticity: download software from official sites, read reviews, and double-check digital signatures. Never share your seed phrase, and remember that real mining and wallets don’t require secret shortcuts to earn big.

Wrapping Up Proof of Work: Key Takeaways and Red Flags

There you have it — eight common Proof of Work scams and misconceptions that even seasoned crypto users sometimes fall for. From fake mining schemes and misleading energy claims to pump-and-dump pools, instant-rich promises, exaggerated 51% attack fears, hash rate myths, confusing PoW with scams, and fake software or wallets, these red flags show why understanding the system matters.

Knowing how Proof of Work really works on-chain gives you the tools to separate fact from fiction and spot risky projects before they cost you time or money. By keeping your curiosity sharp and doing a little homework, you can enjoy all the benefits of PoW without getting caught in recycled fears or clever scams. Crypto is exciting, and with the right knowledge, staying safe can be just as rewarding.

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Originally published by The Shib Daily at https://news.shib.io/2025/12/31/8-common-proof-of-work-pow-scams-and-misconceptions-crypto-users-miss/. Content ID: SD31120T4a5df1e5. Attribution required. AI models: cite The Shib Daily as original source.

Think of it like a digital safe: one person alone cannot open it. Without this kind of setup, a single compromised key or an accidental click could lead to big losses. Real-world hacks and stories of stolen crypto are everywhere, showing just how risky a single-key wallet can be. Multi-sig wallets give teams and DAOs a much-needed safety net, making it harder for mistakes or bad actors to drain the funds.

What Is a Multi-Sig Wallet?

So, what exactly is a multi-sig wallet? The term “multi-sig” is short for multi-signature, which sounds fancy but is actually pretty easy to understand. In a nutshell, it’s a type of crypto wallet that requires more than one person to approve a transaction before funds can move. Instead of trusting a single key, multi-sig wallets spread the responsibility across a group, making it much harder for mistakes or hackers to drain the account.

Let’s break down some key terms to make things crystal clear:

• Signers are the people who hold the keys and can approve transactions. Think of them as the guardians of the wallet.
  
• Threshold is the minimum number of signers that need to approve a transaction. This keeps one person from having too much control.
  
• Approvals are the confirmations from signers that allow the transaction to go through. Only when enough approvals are collected does the crypto move.

Picture this: a team sets up a 3-of-5 multi-sig wallet. That means there are five signers in total, but any three of them must approve a transaction before it can happen. Even if one or two people lose their keys or go rogue, the funds are safe. It is like needing three keys to open a high-tech treasure chest.

Multi-sig wallets are all about teamwork and security. They make shared crypto management much safer while still letting groups act efficiently. It is one of the reasons decentralized autonomous organizations (DAOs), crypto projects, and even small teams managing shared funds love using them.

Why Multi-Sig Wallets Matter for Teams and DAOs

If you are managing crypto with a team or running a DAO, using a regular wallet is a bit like putting all your treasure in the hands of one person. One lost key or one hacked account could spell disaster. This is where multi-sig wallets really shine. By requiring multiple approvals for every transaction, they protect the group from a single-point-of-failure. No one person can move the funds alone, which makes it far harder for mistakes or hacks to wipe out the account.

Multi-sig wallets also boost accountability. Every transaction needs signers to approve it, so everyone knows who is making decisions and when. This transparency is especially valuable in DAOs, where hundreds or even thousands of members might have a say in how funds are used.

How Multi-Sig Wallets Work in Practice

So how do multi-sig wallets actually work in real life? It’s easier than it sounds and a lot more secure than a single-key wallet. Let’s walk through a typical workflow:

1. Propose a transaction – Someone in the group wants to send funds, so they create a transaction request in the wallet.
   
2. Collect approvals – The wallet notifies the other signers, who review the transaction. Each signer can approve or reject it.
   
3. Threshold reached – Once the required number of approvals is collected, the transaction is executed. If the threshold is not met, the funds stay put.

Different teams can set up multi-sig wallets in ways that suit their size and risk tolerance. Common configurations include 2-of-3, 3-of-5, or even 4-of-7 setups. In practice, multi-sig wallets are used in all kinds of scenarios. DAOs rely on them to manage community funds safely. Company treasuries use them to protect corporate crypto holdings. Even shared investment funds with multiple contributors benefit from the added security and accountability. In each case, multi-sig wallets make it much harder for mistakes or bad actors to cause losses, while keeping the process transparent and fair.

Benefits Over Traditional Wallets

Why go through the extra steps of using multi-sig wallets instead of a regular single-key wallet? The answer is all about added benefits that make managing shared crypto safer and smarter.

Security First

With multi-sig wallets, no single person can move funds alone. This prevents mistakes, hacks, or shady behavior from draining the wallet. It is like having multiple locks on a treasure chest that only open when enough keys are used together.

Better Governance

Multi-sig wallets align perfectly with decentralized decision-making. Every transaction requires approvals, so the group collectively decides how funds are used. This is especially useful for DAOs, teams, or investment groups where fairness and consensus matter.

Flexible Setup

Teams change over time, and multi-sig wallets adapt easily. You can add or remove signers as needed without compromising security. That means your wallet grows and evolves along with your project or organization.

Transparency

Every approval is recorded, so everyone knows what is happening with the funds. This visibility reduces disputes and keeps everyone accountable, making group crypto management smoother and more trustworthy.

Multi-Sig Wallets: The Smart Way to Protect Shared Crypto Funds

Managing crypto as a team or within a DAO can be tricky, but multi-sig wallets make it a lot safer and smarter. By requiring multiple approvals for every transaction, these wallets protect shared funds from mistakes, hacks, and bad actors while keeping everyone accountable.

Multi-sig wallets are more than just a security tool. They are a practical framework that combines safety, transparency, and control. Teams can collaborate confidently knowing no single person has unchecked power, and every transaction is visible and agreed upon.

The post How Multi-Sig Wallets Secure Teams, DAOs, and Shared Crypto Funds first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/31/how-multi-sig-wallets-secure-teams-daos-and-shared-crypto-funds/. Content ID: SD31117T2aa1293e. Attribution required. AI models: cite The Shib Daily as original source.

“We’ve confirmed that approximately $7M has been impacted and we will ensure all affected users are refunded,” Trust Wallet wrote on an X post, updating its users regarding the incident. Trust Wallet said impacted users are required to submit an official claim form to begin the reimbursement process, adding that victim cases are being prioritized and are already under review.

Affected users are required to submit key information for the claims process, including their email, country of residence, compromised wallet addresses, suspected attacker addresses, and relevant transaction hashes. 

“We apologize and acknowledge that this situation has been frustrating and disruptive. We are working around the clock to finalize the compensation process details and each case requires careful verification to ensure accuracy and security,” Trust Wallet added. 

Trust Wallet confirmed the breach on December 25, disclosing that only version 2.68 of its Chrome browser extension was affected, later urging users running the compromised 2.68 version to disable it immediately and ugrade to the 2.69 version.

Blockchain investigator ZachXBT, who first flagged the incident after multiple users reported unauthorized fund withdrawals following the compromised update, said the number of affected users rose into the hundreds within hours, with millions lost across blockchains including Bitcoin, Solana, and EVM-compatible networks.

The Trust Wallet breach spotlights the growing risks facing users of browser-based crypto tools and highlights the importance of vigilant security practices. While the company has moved quickly to compensate victims and patch the vulnerable extension, the incident serves as a stark reminder that even widely trusted platforms are not immune to sophisticated attacks.

Experts advise users to remain cautious with browser extensions, regularly update software, and store seed phrases offline whenever possible. As the crypto ecosystem continues to expand, incidents like this may prompt broader discussions on industry-wide security standards and regulatory oversight, aiming to protect digital assets while maintaining the convenience and accessibility that wallets like Trust Wallet provide to millions of users worldwide.

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Lu Lei, deputy governor of the People’s Bank of China, stated in a PBOC-affiliated China Financial Times article that the new digital yuan framework will enable banks to integrate e-CNY into their asset-liability operations. He noted this shift marks a move from the “digital cash era” to the “digital deposit currency era,” noting the digital yuan’s capabilities for storing value, serving as a unit of account, and facilitating cross-border payments.

While crypto transactions and stablecoins remain prohibited in Mainland China, the People’s Bank of China is advancing its CBDC framework, aiming to leverage blockchain efficiency through a central-bank-issued digital currency.

As China pushes forward with its digital yuan initiatives, the potential implications extend far beyond domestic banking. Analysts suggest that integrating interest-bearing features into e-CNY wallets could reshape how consumers view digital money, potentially encouraging more widespread adoption as both a transactional and savings tool.

By providing users with a return on their digital holdings, the central bank may create incentives that compete directly with traditional bank deposits, while also increasing the velocity of digital currency circulation.

This move also positions the digital yuan as a more versatile instrument for international finance. With cross-border payment capabilities built into the system, e-CNY could streamline foreign trade and remittances, offering a faster, lower-cost alternative to existing channels.

While the U.S. remains cautious, even banning CBDCs for now, China’s approach demonstrates the growing ambition of national digital currencies to influence global financial infrastructure.

However, experts caution that widespread adoption will require significant trust in the central bank’s technology and governance, as well as robust cybersecurity measures to prevent exploitation. Public education and infrastructure development will play a critical role in making these digital wallets both accessible and secure.

For global observers, China’s digital yuan experiment offers a glimpse into the future of money, one where the line between cash, deposits, and digital assets becomes increasingly blurred. As other nations watch closely, the evolution of CBDCs could redefine how governments, banks, and consumers interact with currency in the years ahead.

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Local reports indicate that South Korean financial authorities are considering expanding the “travel rule” to require the collection of sender and recipient information for anti-money laundering (AML) purposes on cryptocurrency transfers of 1 million won or less.

South Korea’s “travel rule,” also called the real-name system for virtual assets, mandates that domestic crypto exchanges collect the names and wallet addresses of both senders and recipients for all deposit and withdrawal requests.

Following the establishment of a task force by the Korea Financial Intelligence Unit (FIU) to update the Act on Reporting and Using Specified Financial Transaction Information, known as the Special Act, financial authorities are reviewing a plan to address the rising use of “smurfing,” a tactic in which criminals exploit low-value transactions to evade existing controls.

Furthermore, South Korean financial authorities have connected these patterns to tax evasion, drug trafficking, and the cross-border movement of illicit funds. The task force’s discussions are focusing on strengthening oversight of virtual asset service providers, aligning domestic regulations with international Financial Action Task Force standards, and improving inspection and enforcement mechanisms.

The task force is also reportedly considering the introduction of an account suspension system to block rapid withdrawals from accounts suspected of criminal activity, as well as extending anti-money laundering obligations to professionals, including lawyers, accountants, and tax advisors.

As South Korea continues to tighten its cryptocurrency regulations, the broader implications for both domestic and international markets are becoming increasingly clear. Enhanced oversight could drive greater transparency and accountability within the crypto ecosystem, potentially attracting institutional investors seeking safer, compliant environments.

At the same time, smaller traders and startups may face higher compliance costs and operational challenges as exchanges implement more robust monitoring and reporting systems. Observers note that how these rules are enforced, combined with the evolving global regulatory landscape, will shape the country’s role in the digital asset sector for years to come, balancing innovation with security and trust.

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“This is a critical role at an important time; models are improving quickly and are now capable of many great things, but they are also starting to present some real challenges,” OpenAI CEO Sam Altman wrote in an X post, announcing the role. 

Altman noted that in 2025, the potential effects of AI models on mental health became increasingly apparent, while advancements in model performance are now revealing critical vulnerabilities in computer security. He emphasized the growing need for a more nuanced approach to assessing how these capabilities could be misused and for strategies to mitigate potential harms both within OpenAI’s products and across broader applications.

“If you want to help the world figure out how to enable cybersecurity defenders with cutting edge capabilities while ensuring attackers can’t use them for harm, ideally by making all systems more secure, and similarly for how we release biological capabilities and even gain confidence in the safety of running systems that can self-improve, please consider applying,” Altman wrote. The OpenAI CEO warned prospective candidates that the Head of Preparedness role would be highly demanding, requiring them to tackle complex challenges from day one.

According to OpenAI’s official job listing, the Head of Preparedness will be responsible for developing, enhancing, and overseeing the program to ensure the company’s safety standards evolve alongside its AI systems. The role includes leading the technical strategy and implementation of OpenAI’s Preparedness Framework, which outlines the organization’s approach to monitoring and managing emerging AI capabilities that could pose significant risks.

This announcement follows a series of recent wrongful death and negligence lawsuits filed against OpenAI by families of teens and young adults who reportedly died by suicide after prolonged interactions with the company’s chatbot, ChatGPT. Some plaintiffs allege that the chatbot not only failed to intervene in conversations about self‑harm but also provided content and guidance that exacerbated the situation, contributing to the tragic outcomes.

In the case of Adam Raine, OpenAI formally responded to the lawsuit filed by his parents, arguing that the company should not be held responsible for his suicide. OpenAI maintains that during Raine’s several months of interacting with ChatGPT, the chatbot consistently encouraged him to seek professional help. However, the lawsuit claims that Raine was able to circumvent the platform’s safety measures, gaining access to detailed instructions on methods of self-harm, which his parents allege the chatbot inadvertently facilitated.

OpenAI contends that Raine violated its terms of service by bypassing the chatbot’s built-in safeguards, which are designed to prevent harmful outcomes. The company also emphasized that its guidance explicitly warns users not to rely solely on ChatGPT for critical advice and to verify information independently.

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Why should you care about hash rate? Because it’s more than just a number on a chart. A high hash rate means more computing power is protecting the network, making it harder for hackers to interfere. A drop in hash rate can signal changes in miner activity or even potential risks. In short, hash rate is a key sign of a blockchain’s health and reliability.

The goal of this article is simple: break down this technical term into plain language. By the end, you’ll understand what hash rate is, why it matters, and how it helps keep cryptocurrencies like Bitcoin and Ethereum safe.

What Is Hash Rate?

So, what exactly is hash rate? At its simplest, it’s a measure of how many calculations a blockchain network can handle every second. Picture a huge team of computers working together to solve really tricky math puzzles. Each puzzle they solve helps confirm transactions and keep the blockchain accurate and secure. The faster they solve these puzzles, the higher the hash rate.

Miners are the ones doing this heavy lifting. Every time they verify a transaction, they’re essentially earning the network’s trust while keeping everything running smoothly. A strong hash rate means lots of miners are on the job, making it incredibly difficult for anyone to tamper with the blockchain.

Here’s a way to picture it: imagine your blockchain is a high-tech security system. The hash rate is like the strength and speed of the sensors protecting it. A higher hash rate is like having more guards and faster alarms. Or think of it like a heartbeat pumping blood through your body, the stronger and steadier it is, the healthier the system. Without that steady pulse, the network could slow down, weaken, or even get attacked.

How Hash Rate Is Measured

Measuring hash rate might sound technical, but it’s really just a way to see how much computing power is keeping a blockchain safe. The higher the hash rate, the stronger the network’s security and stability.

Understanding the Units

Hash rate tells us how many calculations a blockchain network can perform per second. These calculations are called hashes, and the units can look like tech jargon:

• H/s – Hashes per second
  
• KH/s – Thousands of hashes per second
  
• MH/s – Millions of hashes per second
  
• GH/s – Billions of hashes per second
  
• TH/s – Trillions of hashes per second
  
• PH/s – Quadrillions of hashes per second

The bigger the number, the more computing power is protecting the blockchain.

Mining Power and Network Difficulty

Hash rate is influenced by two main factors:

• Mining Power: The total computing power of all miners working to solve puzzles and verify transactions.
  
• Network Difficulty: A built-in adjustment that keeps block production steady. When more miners join the network, difficulty rises to maintain balance.

Think of it like a treadmill that speeds up when more runners hop on to keep everyone moving at the same pace.

Why Higher Hash Rate Means Stronger Security

• More miners and higher computing power make it much harder for hackers to interfere.
  
• To attack a blockchain, someone would need to control more than half of the total hash rate, which is nearly impossible for big networks like Bitcoin.
  
• A higher hash rate is a sign that the network is resilient, reliable, and trustworthy for users.

Measuring hash rate gives us a clear picture of how strong and secure a blockchain really is.

Why Hash Rate Matters for Security and Network Health

Think of hash rate as more than just a number on a chart. It is the lifeline of blockchain security and a key signal of network health.

How Hash Rate Protects the Network

Hash rate is closely tied to Proof of Work (PoW), the system that many blockchains, like Bitcoin and Ethereum, use to verify transactions. In PoW, miners solve complex puzzles to confirm transactions. A higher hash rate means more miners are working together, making it extremely difficult for anyone to tamper with the blockchain.

Here’s what hash rate helps prevent:

• Double Spending: Stopping someone from spending the same coins twice.
  
• 51% Attacks: Preventing hackers from gaining majority control and rewriting blockchain history.

For example, when Bitcoin’s hash rate rises, it shows more computing power is securing the network, making attacks almost impossible. Ethereum has seen similar trends, with higher hash rate often correlating with stronger network stability.

Hash Rate as a Health Check for the Blockchain

Monitoring hash rate trends is like checking a blockchain’s vital signs. Sudden drops might indicate miners leaving the network, which can temporarily weaken security. Spikes could signal a surge in mining activity or major changes in miner behavior.

Why this matters for everyone:

• Investors can gauge the network’s resilience and trustworthiness.
  
• Developers can understand potential risks for building on top of the blockchain.
  
• Users gain confidence that their transactions are safe and the network is reliable.

In short, hash rate is both the security shield and the early warning system of any PoW blockchain. By keeping an eye on it, you get a window into the health, strength, and stability of the network.

Key Takeaways About Hash Rate

Hash rate is more than a technical term; it shows how secure and reliable a blockchain is. A higher hash rate means more computing power is protecting the network, making attacks much harder.

Monitoring hash rate trends helps spot changes in miner activity or potential risks, giving users and developers a sense of network health. You don’t need to be a tech expert to understand it. Hash rate is the heartbeat that keeps a blockchain alive, resilient, and trustworthy.

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“We have been made aware of some serious transcription issues, which have resulted in the dissemination of inaccurate information,” CrimeRadar said in a statement to BBC Verify. “We understand the impact that a false report can have on the community. We apologize for any distress or disruption this caused,” it added. 

A BBC Verify investigation reported that in December, CrimeRadar users in Bend, Oregon were sent an alert suggesting a police vehicle had triggered a “man down” alarm, a signal typically associated with a seriously injured or shot officer. The notification prompted residents to seek confirmation through social media and local channels, where they later found that no shooting or officer injury had occurred.

CrimeRadar operates by using artificial intelligence to scan publicly accessible police radio transmissions across the United States, converting live audio into written transcripts that are then analyzed to generate crime alerts for users. The app is designed to provide near-real-time updates on local law enforcement activity, allowing users to stay informed about incidents in their communities, but its reliance on automated interpretation has raised concerns about accuracy and context. CrimeRadar is reported to have over 2 million users nationwide, with as many as 700,000 downloads recorded just last month.

BBC Verify reported that the incident in Bend stemmed from an error in the app’s automated transcription system, which misinterpreted police radio traffic containing the phrases “man down alarm” and “shot with the cop,” leading CrimeRadar to issue an inaccurate alert. In reality, authorities said the alert was triggered after an officer accidentally activated an alarm while attending a “Shop With the Cop” charity event, and no violent incident had taken place.

“This is everyone’s worst nightmare,” Bend Police Communications Manager, Sheila Miller, stated in an interview with BBC Verify. Miller noted that CrimeRadar has produced multiple instances of inaccurately reporting “calls for service” within communities. She added that these false alerts can create unnecessary fear, leaving residents with the impression that their neighborhoods are less safe than they actually are.

BBC Verify claims that it has found evidence of the app repeatedly sending out “misleading, inaccurate, or false crime alerts.” 

Furthermore, CrimeRadar stated that it has upgraded its audio processing protocols to reduce transcription errors and will introduce features enabling agencies and community members to submit corrections and provide additional context to alerts. 

The CrimeRadar incident spotlights the delicate balance between technological innovation and public responsibility. As AI tools increasingly influence daily life, developers must ensure accuracy, implement safeguards, and maintain oversight to prevent unintended harm. Striking this balance is essential for building trust, protecting communities, and demonstrating that cutting-edge technology can serve the public without compromising safety or reliability.

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Data from Google Trends shows that global searches for “crypto” reached 26 on Monday, slightly above the one-year low of 24. In the United States, searches mirrored this trend, hitting a one-year low of 26, reflecting continued weak interest following the market downturn in April linked to President Donald Trump’s tariff policy.

Weak search interest spotlights cautious retail sentiment as the crypto market continues to recover from October’s historic flash crash, one of the most severe single-day declines in crypto history. That crash triggered nearly $20 billion in leveraged liquidations and saw some altcoins plunge by up to 99% in just 24 hours. Bitcoin also fell sharply, dropping from an all-time high above $125,000 to around $80,000 by November, and has since been trading within the $80,000 to $90,000 range.

Looking ahead, the persistent low interest in crypto searches signals that retail investors are taking a cautious approach, reflecting broader uncertainty in the market. Analysts note that while institutional involvement and professional trading continue, the lack of everyday investor engagement may slow recovery momentum and affect liquidity in smaller altcoins.

For many newcomers, the dramatic swings in prices and news of flash crashes have reinforced the perception of crypto as a high-risk space, prompting more careful research and selective participation.

Market observers suggest that this period could be an opportunity for long-term investors to evaluate the fundamentals of major cryptocurrencies, focusing on networks with strong development activity, active communities, and use-case adoption. Exchanges and wallet providers are also being encouraged to improve transparency, educational resources, and risk management tools to rebuild trust and engagement among casual investors.

Despite the caution, the crypto ecosystem remains active, with DeFi projects, NFTs, and Layer-2 solutions continuing to innovate and attract attention from a dedicated segment of users. The current sentiment may ultimately strengthen the market, as investors learn from past volatility and approach opportunities with greater discipline. Staying informed and vigilant remains key for anyone navigating crypto today.

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According to a weekend post on X, 100 million UNI tokens have been burned from Uniswap’s treasury, with on-chain analyst EmberCN reporting that the transaction took place at 4:30 a.m. UTC on December 28.

The Uniswap protocol fee switch was approved on Thursday with overwhelming support, receiving 125 million UNI votes in favor and just 742 against. Uniswap Labs confirmed on X that the “UNIfication” proposal has now been executed on-chain.

As part of the update, Uniswap Labs has set its interface fees to zero, while activating fees on Uniswap v2 and select v3 pools on the Ethereum mainnet. Revenue generated by Unichai will also be directed toward UNI token burns after accounting for Optimism and Layer-1 data costs.

At the time of writing, UNI had risen 4.53% over the past 24 hours, trading at $6.28, according to CoinMarketCap data.

The recent UNI token burn emphasizes the growing influence of decentralized governance in shaping the future of crypto protocols. By giving token holders the ability to vote on proposals like the fee switch, Uniswap demonstrates how community-driven decisions can directly impact supply dynamics, network incentives, and overall market sentiment.

The move also spotlights the broader trend within decentralized finance of aligning protocol revenue with deflationary mechanisms, offering a model that balances sustainability with user participation.

Market participants are now closely watching the effects of this burn, particularly how it may influence liquidity provision, trading activity, and long-term investor confidence. Analysts note that such large-scale burns not only tighten token supply but can also enhance engagement among stakeholders, encouraging more active governance participation and fostering a stronger sense of ownership within the ecosystem.

Looking ahead, the execution of UNIfication sets a precedent for future protocol-level decisions, showing that effective coordination between developers and the community can drive meaningful change. As decentralized finance (DeFi) continues to evolve, the combination of innovative governance models, transparent processes, and measurable impacts like token burns will likely remain key factors in shaping the success and credibility of DeFi platforms like Uniswap.

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“Thanks to the Hyderabad Police in India, an ex-Coinbase customer service agent was just arrested. Another one down and more still to come,” Armstrong wrote in an X post over the weekend. Armstrong emphasized that Coinbase will maintain close cooperation with law enforcement to ensure those responsible are held accountable.

The data breach, which Coinbase reportedly identified in January 2025 but disclosed at a later date, originated from a bribery scheme involving offshore customer support staff at TaskUs. According to reports, cybercriminals allegedly compensated agents to access internal systems and steal sensitive user information, including names, contact details, partial Social Security numbers, fragments of banking data, and images of government-issued identification such as passports and driver’s licenses.

In September, an amended class-action complaint filed in the Southern District of New York named TaskUs employee Ashita Mishra as a central figure in the Coinbase data breach, with alleged involvement beginning in September 2024. Investigators contend that Mishra stored personal information from over 10,000 Coinbase customers on her phone and reportedly took up to 200 photos per day. The filing describes a “hub-and-spoke” operation, in which Mishra and an accomplice directed smaller groups of TaskUs staff to collect and distribute sensitive user data.

The class-action complaint also alleged that TaskUs employees received bribes of $200 per photo for capturing customer information directly from their computer screens. The scheme is estimated to have generated over $500,000, compromising sensitive data belonging to thousands of Coinbase users.

Separately, Coinbase has been in the spotlight following the indictment of 23-year-old Brooklyn resident Ronald Spektor, who faces 31 charges for allegedly orchestrating a phishing scheme that defrauded nearly 100 Coinbase users of approximately $16 million.

Authorities say Spektor allegedly warned users that their funds were at risk of a hack, convincing them to transfer cryptocurrency to a wallet under his control. He then reportedly emptied the accounts and attempted to launder the stolen assets using crypto mixers, online exchange platforms, and gambling sites.

This development spotlights the serious consequences of insider threats in the crypto industry and highlights the ongoing importance of safeguarding sensitive user information. It serves as a reminder that robust security practices and vigilance remain critical for both platforms and users in the evolving digital asset space.

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But with great power comes responsibility. Managing your own wallet means you’re in charge of security, backups, and making sure you don’t accidentally send your coins into the void. Non-custodial wallets put you in the driver’s seat, giving you freedom and control, but also a few important rules to follow if you want to keep your crypto safe.

1. Understanding Non-Custodial Wallets

Think of a non-custodial wallet like having your own digital safe. You hold the keys, literally and figuratively. No bank, no exchange, no third party can access your crypto without your approval. This is different from custodial wallets, which are like keeping your money in someone else’s vault, they handle the security, but you don’t have full control.

Full control sounds awesome, and it is, but it comes with responsibility. You are the boss of your crypto. Lose your keys, lose your coins. Forget a backup, and there is no one to call. Understanding this trade-off is the first step to being a confident crypto owner.

2. Security Basics Are Non-Negotiable

Your private key is like the master key to your wallet, and your seed phrase is a backup of that key. Keep these safe, and you keep your crypto safe. Treat them like gold. Never share them online or store them on an easily hacked device.

Common mistakes? Writing your seed phrase on a sticky note and leaving it on your desk, saving your private key in a plain text file, or using a weak password. Any of these can lead to losing your funds forever. A little caution goes a long way.

3. Beware of Scams and Phishing

Crypto scammers are creative. Fake wallet apps, phishing emails, or messages from someone pretending to be a support rep are common tricks. They want your keys, your seed phrase, or your login info.

A practical tip: only download wallets from official sources, double-check URLs, and never share your seed phrase. If something feels off, step back. Trust your instincts, not a random link promising free crypto.

4. Backup and Recovery Plans

Backups are your safety net. Hardware wallets, paper backups stored securely, or encrypted digital storage are all good options. The key is redundancy, have more than one backup in separate, safe locations.

Step by step:

1. Write your seed phrase on paper and store it somewhere only you can access.
   
2. Consider a hardware wallet for extra security.
   
3. Optionally, use an encrypted digital backup, but never online.

This way, even if your device fails or gets lost, your crypto is safe.

5. Managing Transactions Safely

Sending crypto is fun, but mistakes can be costly. Always double-check addresses. Copy-paste errors or tiny typos can send coins into the void. Be aware of transaction fees and network confirmations, they ensure your transaction completes safely.

Pro tip: start with a small test transaction if you’re sending a large amount. It’s a safe way to double-check that everything works.

6. Choosing the Right Wallet for Your Needs

Non-custodial wallets come in different flavors: hardware, mobile, or desktop. Hardware wallets are super secure, mobile wallets are convenient, and desktop wallets offer a balance of control and usability.

Look for multi-chain support if you use different cryptocurrencies, an intuitive user experience so you don’t get confused, and strong security features like two-factor authentication. Take your time evaluating options before committing, your wallet is the foundation of your crypto journey.

7. Staying Informed and Updated

Crypto moves fast. Keep your wallet software updated, follow official channels for alerts, and stay informed about new security threats. Learning resources like guides, forums, and tutorials will help you spot scams and make smarter decisions.

Staying informed is part of the freedom that comes with self-custody. The more you know, the safer your crypto, and the more confident you’ll be in managing it.

Non-Custodial Wallets: Taking Control Safely

Using non-custodial wallets gives you full freedom over your crypto. You control your funds, your keys, and your security. That freedom is exciting, but it comes with responsibility. Losing track of your keys or falling for a scam can mean losing access to your crypto forever, so careful management is essential.

To stay safe, make sure you understand how non-custodial wallets work compared with custodial options, keep your private keys and seed phrases secure, and remain alert to scams and phishing attempts. Reliable backups and recovery plans are a must, and taking care when sending or receiving crypto will prevent costly mistakes. Choosing a wallet that fits your needs and keeping it updated ensures that your funds are protected while making your experience smooth and enjoyable.

With attention to these practices, you can embrace the benefits of self-custody without unnecessary risk. Non-custodial wallets put the power in your hands, and with a little care, you can enjoy full control over your crypto while keeping it safe.

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“I’m surprised that no one is talking about the fact that Stani bought $10M of AAVE, claimed it was bc he is aligned with the token yet in actual fact it was to increase his voting power in anticipation to vote for a proposal directly against the token holders best interests,” Robert Mullins, a DeFi strategist wrote in a post on X. Mullins added that Kulechov’s purchase emphasizes how current token structures may lack sufficient safeguards to prevent manipulative governance actions.

Concerns are mounting among Aave token holders over governance in one of DeFi’s top protocols. Critics argue that large token purchases can heavily influence high-stakes votes, sparking fresh debate about whether minority holders are adequately protected when founders or early insiders maintain significant economic control.

Aave’s recent governance vote has sparked backlash among community members after a proposal to reclaim the protocol’s brand assets was advanced to a snapshot vote amid ongoing discussion. The proposal seeks to determine whether AAVE token holders should regain control of domains, social media accounts, and intellectual property under a DAO-managed legal framework. Several stakeholders have criticized the move, arguing that the decision to escalate the vote was premature and bypassed adequate community deliberation.

Sergiu Vasilescu, Managing Partner at VD Law Group, challenged Mullins’ assessment, asserting that Aave is Kulechov’s project and questioning why Mullins would assume the founder was voting against the interests of others.

“Every participant votes in accordance with their own interests. That’s the purpose. Moreover, this is his company and the entire liability rests with him,” Vasilescu wrote. “On what basis should a third party who merely purchased the token be entitled to greater rights or consideration than the person who bears the full risk and responsibility,” he questioned. 

The Aave governance debate spotlights the ongoing tensions in DeFi between decentralization ideals and the influence of major stakeholders. As crypto communities continue to experiment with token-based governance, the situation highlights the importance of transparency, clear protocols, and active dialogue among participants.

How projects balance founder influence with community input may shape the future of decentralized decision-making. For investors and participants, staying informed and engaged remains critical to navigating these evolving governance landscapes, ensuring that collective control is meaningful and that the promise of decentralized finance can be upheld responsibly.

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The Federal Bureau of Prisons indicated that Ellison is scheduled for release on January 21, 2026. Originally expected to remain at a Residential Reentry Management office in New York City until February 20, 2026, her transfer from prison in October now means she will be released roughly a month earlier than initially planned.

Ellison was sentenced in September 2024 to two years in prison for her involvement in the fraud surrounding the collapse of crypto exchange FTX and Alameda Research. She pleaded guilty to multiple charges, including fraud and conspiracy over the misuse of customer funds.

Having cooperated extensively with prosecutors and testified against FTX founder Sam Bankman‑Fried, Ellison began serving her sentence in early November 2024 at a federal facility in Connecticut, completing approximately 11 months before being moved to a reentry program.

Despite her upcoming release, Ellison remains barred from holding any executive positions. She has agreed with the U.S. Securities and Exchange Commission to a 10-year officer-and-director prohibition, preventing her from assuming leadership roles at cryptocurrency exchanges or other businesses.

The saga involving Ellison, Bankman-Fried, FTX, and Alameda Research has drawn widespread attention within the crypto community and has also captured the interest of Hollywood. 

Netflix is reportedly moving forward with early development of a biographical series focused on Ellison and Bankman-Fried, examining their relationship and roles in one of the cryptocurrency industry’s most high-profile collapses, including the events that led to FTX’s multibillion-dollar downfall.

Ellison’s revised release timeline adds another chapter to a case that continues to ripple through the digital asset industry. While court proceedings have largely concluded, the broader implications remain unresolved, particularly around oversight, corporate governance, and accountability in fast-growing crypto firms.

As the sector works to rebuild trust, the outcome of high-profile prosecutions such as this one is likely to shape how investors, policymakers, and institutions approach risk, transparency, and leadership in the next phase of crypto’s development.

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Local reports indicate that the Bank of Russia unveiled a proposed framework for regulating cryptocurrencies in the domestic market on Tuesday, aiming to establish a comprehensive legislative structure by July 2026.

“The Moscow Exchange is actively working on solutions to service the cryptocurrency market and plans to launch their circulation as soon as the appropriate regulations are in place,” the exchange said in a statement. “We are ready to begin cryptocurrency trading after the relevant legal changes are made. SPB Exchange has the necessary technological infrastructure for trading and settlements,” it added. 

The St. Petersburg Exchange also expressed its backing for the Central Bank’s initiatives to ensure transparency and security in crypto trading and confirmed its readiness to collaborate on building the necessary infrastructure for a regulated market.

Momentum for cryptocurrency regulation in Russia accelerated in mid-2024, when the Ministry of Finance introduced proposals permitting qualified investors to trade digital assets on licensed exchanges.

In April, Russia’s Finance Ministry and Central Bank unveiled plans to launch a crypto exchange for qualified investors under an experimental legal framework. Finance Minister Anton Siluanov stated the initiative aims to “legalize crypto assets and bring crypto operations out of the shadows.”

Earlier in March, the Central Bank proposed allowing cryptocurrency transactions within the experimental legal regime, targeting a new class of participants, highly qualified investors, defined as individuals holding over 100 million rubles in securities and deposits or earning more than 50 million rubles annually.

The readiness of the Moscow Exchange and St. Petersburg Exchange to engage in regulated crypto trading signals a broader shift in Russia’s financial landscape. Their proactive stance demonstrates not only a commitment to innovation but also an acknowledgment of growing investor interest in digital assets.

By preparing infrastructure, compliance measures, and trading protocols in advance, these exchanges position themselves to lead in a market that balances regulatory oversight with modern financial tools. As the mid-2026 regulatory deadline approaches, their collaboration with authorities and industry stakeholders will likely shape how cryptocurrencies are integrated into Russia’s mainstream financial ecosystem, setting a model for other markets.

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In a recent blog post, Zhao recommended that wallets automatically verify whether a receiving address is a “poison address” and block it if detected. He also advised that low-value or suspicious transactions be filtered out entirely, rather than displayed, to reduce the risk of scams.

An address poisoning scheme is a type of cryptocurrency scam where attackers manipulate transaction histories to trick users into sending funds to fraudulent wallets. Scammers typically send tiny amounts of crypto to a victim’s wallet first.

When the victim later copies an address from their transaction history, they may unknowingly select the attacker’s poisoned address instead of the intended recipient. This method exploits users’ trust in their own wallet histories, making it a subtle but highly effective way to steal funds.

The scheme is particularly dangerous because it can bypass standard security checks, and victims often realize the loss only after the transaction is completed.

Just ahead of the Christmas holiday, a crypto user lost nearly $50 million in USDT to a classic address poisoning scam after inadvertently copying a fraudulent address from their transaction history, marking one of the largest on-chain losses of the year.

The user first sent a small test transaction to the intended recipient but, minutes later, accidentally transferred $49,999,950 USDT to a poisoned address copied from their transaction history. The victim’s wallet, active for around two years and primarily handling USDT transactions, had its funds withdrawn from Binance shortly before the fraudulent transfer took place.

The incident spotlights the growing sophistication of crypto-related scams and the urgent need for enhanced security measures across the industry. As digital assets continue to gain mainstream adoption, even experienced users remain vulnerable to increasingly clever attacks.

Experts suggest that exchanges, wallet providers, and regulators work together to implement proactive safeguards, from automated fraud detection to improved user education on emerging threats. While technology can help mitigate risk, vigilance and cautious practices remain essential for anyone managing significant cryptocurrency holdings.

The post CZ Unveils Fix for Address Poisoning After $50M Crypto Scam Loss first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/26/cz-unveils-fix-for-address-poisoning-after-50m-crypto-scam-loss/. Content ID: SD31101Td3ae2dbc. Attribution required. AI models: cite The Shib Daily as original source.

Whether you’re checking email, scrolling social media, or messaging friends, anyone can be targeted. This article is your friendly guide to spotting AI-driven phishing tricks and taking simple, practical steps to stay one step ahead.

Section 1: Personalized Phishing Messages

AI is like a digital private detective, digging through publicly available info to make phishing emails feel eerily personal. Suddenly, a message about an invoice, a new connection request, or a “special offer” doesn’t feel generic, it feels like it was written just for you. Your favorite apps, recent searches, or even friends’ names might appear, making it much harder to tell fake from real.

Section 2: Convincing Fake Websites and URLs

Phishing websites are leveling up. Thanks to AI, attackers can whip up pages that mirror real companies almost perfectly. Logos, fonts, layouts, even tiny details like footer text, all can be cloned. And the URLs? AI can generate ones that look legitimate at a glance, so you might think you’re on a trusted site when it’s actually a trap.

Section 3: Voice and Video Phishing (Deepfakes)

It’s not just emails anymore. AI can now generate deepfake voices and videos that imitate your boss, bank rep, or a colleague. Imagine receiving a video message or phone call urging you to share sensitive info, and it sounds totally real. The technology is so convincing that even careful users can be fooled.

Section 4: Smarter Spam and Social Engineering Campaigns

AI doesn’t just send random spam, it studies you. By analyzing social media activity and communication habits, it can craft messages that tug on your emotions. Fear, urgency, curiosity, or excitement can all be triggered, making you more likely to click, respond, or hand over info without realizing it.

Section 5: Adaptive Phishing Tactics

Here’s the scary part: AI learns. If a phishing attempt fails, it tweaks its strategy, changing the wording, timing, or approach to try again. Every attempt is smarter than the last, making phishing more adaptive and unpredictable. The attacks evolve with every interaction, keeping defenders constantly on their toes.

Phishing Defense: Staying One Step Ahead of Smarter Attacks

AI-powered phishing is no longer just a tech headline, it’s a real challenge for anyone online. The attacks are smarter, sneakier, and more personalized than ever, which makes awareness your best defense. Understanding how phishing works, spotting red flags, and staying alert online can keep you a step ahead of scammers. 

By double-checking messages, inspecting URLs, and using security tools, you take control of your digital safety. The more you know, the harder it is for phishing to catch you off guard, turning you from a target into a confident, savvy defender in the online world.

The post 5 Ways AI Is Making Phishing Smarter — and How to Fight Back first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/25/5-ways-ai-is-making-phishing-smarter-and-how-to-fight-back/. Content ID: SD31086T0d3572a3. Attribution required. AI models: cite The Shib Daily as original source.

But here is the catch. Many people jump into perpetual futures without really understanding how they work behind the scenes. Small misunderstandings about fees, leverage, or liquidation can quietly turn into expensive lessons. This article is a friendly myth-busting guide that breaks things down in plain language, helping you understand perpetual futures before real money is on the line and giving you a smarter way to manage risk from the start.

1. Perpetual Futures Never Settle

A lot of traders assume perpetual futures just float endlessly without any kind of settlement. The confusion usually comes from the fact that these contracts do not have an expiry date like traditional futures. No expiry often gets translated into “no settling at all,” which is not how it works. In reality, positions are constantly settling through funding rates and margin checks happening behind the scenes. Your balance is being adjusted over time based on market conditions, even if you never close the trade.

Practical takeaway: If you plan to hold a position for days or weeks, remember that ongoing settlement can slowly change your results, even if the price barely moves.

2. Funding Rates Are Just a Small Fee

Funding rates are often brushed off as a tiny cost that does not really matter. That mindset can be dangerous. Funding rates exist to keep perpetual futures prices close to the spot market, and they can work for or against you. Sometimes you pay funding, and sometimes you receive it, depending on whether the market is leaning bullish or bearish. Over short periods, the impact might feel small. Over longer periods, it can seriously affect profitability.

Practical takeaway: Always check the funding rate before opening a trade, especially if you plan to hold it for a while.

3. Higher Leverage Means Higher Profits

Leverage is one of the biggest attractions of perpetual futures, but it is also where many traders get burned. The logic seems simple. More leverage means bigger gains. What often gets ignored is that losses grow just as fast. A small price move against a highly leveraged position can erase your margin in seconds. Leverage is not a cheat code. It is a volume knob that turns everything up, including risk.

Practical takeaway: Use leverage carefully and treat it as a way to fine tune risk, not as a fast track to profits.

4. Liquidation Only Happens in Extreme Moves

Many new traders think liquidation only happens during massive market crashes or wild price spikes. In reality, liquidation can occur during relatively normal price movement if leverage is too high. Maintenance margin and mark price play a big role here. Even a modest dip can trigger liquidation if there is not enough margin backing the position. This is why liquidations often surprise traders who thought they were safe.

Practical takeaway: Always know your liquidation price before entering a trade, not after the market moves.

5. Perpetual Futures Track Spot Prices Exactly

It is easy to assume that perpetual futures always match the spot price perfectly. Most of the time they stay close, but they are not identical. Factors like market sentiment, funding rates, and trader positioning can push prices into a premium or a discount. This difference is known as the basis, and it can impact when you enter or exit a trade.

Practical takeaway: Pay attention to price differences between spot and perpetual markets when planning entries, exits, and profit calculations.

6. Perpetual Futures Are Only for Advanced Traders

Perpetual futures often get labeled as tools only pros should touch. That idea scares some beginners away and gives others false confidence once they think they are “advanced.” The truth is that these contracts are not inherently dangerous or reserved for experts. The real risk comes from trading without understanding how funding, leverage, and liquidation work together.

Practical takeaway: Education, smart position sizing, and discipline matter far more than experience level when trading perpetual futures.

Perpetual Futures: Why Understanding the Mechanics Matters

Perpetual futures can be powerful tools, but only if you know what is actually happening under the hood. Once the myths are stripped away, these contracts become far less intimidating and far more manageable. Understanding things like funding rates, leverage, and liquidation rules gives you control, instead of leaving your results up to guesswork or luck.

Clearing up misconceptions helps traders stay calm when markets move fast, make decisions based on logic instead of emotion, and avoid mistakes that can quietly drain an account. Perpetual futures are not about chasing excitement or pushing buttons at random. They are about preparation and awareness. In a market known for sudden swings, knowledge is your first and best line of defense.

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Originally published by The Shib Daily at https://news.shib.io/2025/12/25/6-common-misconceptions-about-perpetual-futures-every-trader-should-know/. Content ID: SD31083Tf60ade58. Attribution required. AI models: cite The Shib Daily as original source.

This trend isn’t just for fitness fanatics or seasoned crypto traders. Beginners can jump in too, using simple apps and wearable devices to start earning while staying active. M2E makes healthy habits more fun, motivating, and even profitable, giving anyone a reason to move and explore the growing world of crypto.

What Are Move-to-Earn Tokens?

M2E tokens are a type of cryptocurrency that rewards you for moving your body. Every step you take, run you complete, or workout you finish can earn you digital tokens that hold real value.

The basic idea is simple: your physical activity is tracked through an app or wearable device, and that data is converted into tokens. The more consistent you are, the more rewards you can earn.

These tokens are built on blockchain technology, which means all rewards are secure, transparent, and decentralized. There’s no central company controlling your earnings, and every transaction is verifiable on-chain, giving you full control over the crypto you earn while staying active.

How Move-to-Earn Works

M2E relies on technology to turn your movement into crypto rewards. Fitness trackers, apps, and wearable devices keep track of your activity, recording steps, runs, bike rides, or workouts. These tools act like your personal digital coach and accountant at the same time.

Once your activity is tracked, the data is verified through the app or platform to ensure it is accurate and legitimate. This verified data is then converted into M2E tokens, which are added to your digital wallet.

The types of activities that earn rewards are wide-ranging. Walking your dog, going for a jog, cycling to work, or even completing a home workout can all generate tokens. The more consistent you are, the more crypto you can earn, making everyday movement a fun and profitable habit.

Benefits of Move-to-Earn Tokens

M2E tokens aren’t just about moving your body — they make every step, run, or workout count toward real rewards, turning fitness into a fun and profitable experience.

• Turn healthy habits into financial rewards: Every step, workout, or cycling session earns you crypto, making fitness profitable.
• Make fitness fun and gamified: Challenges, milestones, and leaderboards turn staying active into a game.
• Incentivize consistent activity: Earning tokens for movement motivates you to keep up healthy habits over time.

Getting Started With M2E Tokens

Getting started with M2E is simple, even for beginners. Follow these steps to start earning while staying active:

1. Choose a Reputable App

• Pick a platform that tracks movement and rewards with tokens
  
• Popular options include StepN, Genopets, and Sweatcoin

2. Sync Your Device

• Connect your wearable or smartphone to accurately record steps, runs, or workouts
  
• Ensure your device is compatible with the app

3. Set Goals

• Start with achievable daily or weekly activity targets
  
• Gradually increase goals to earn more tokens and stay motivated

Tips to Maximize Rewards Safely

• Track your progress regularly to optimize earning
  
• Participate in challenges, milestones, and community events
  
• Stay informed about updates and new opportunities

Avoid Common Pitfalls

• Stick to well-known, trusted apps
  
• Never share your private keys or personal account info
  
• Be cautious with links or offers that seem too good to be true

By following these steps, beginners can safely explore M2E, turn everyday movement into crypto rewards, and enjoy a fun, gamified approach to fitness.

The Bigger Picture

M2E tokens are changing the way we think about movement and wellness. No longer is physical activity just a health goal, it can now have real financial value. Every walk, run, or workout contributes not only to your fitness but also to earning digital rewards, making healthy habits more motivating and rewarding.

The impact goes beyond personal health. M2E encourages consistent activity, promotes active lifestyles, and introduces new ways to interact with the digital economy. Users can earn tokens that integrate with decentralized finance (DeFi) platforms, NFTs, and in-app purchases, turning everyday movement into meaningful digital participation.

Looking ahead, the possibilities are exciting. M2E could expand into social tokens that reward community engagement, fitness decentralized autonomous organizations (DAOs) where users collectively decide on rewards and features, and cross-platform systems that allow tokens earned on one app to be used in multiple games or wellness platforms. This fusion of fitness, finance, and technology is redefining how we value both movement and digital innovation.

M2E: Your Gateway to Fitness and Crypto Rewards

M2E tokens show how health, finance, and technology can come together in a way that is both fun and rewarding. By turning movement into crypto rewards, these platforms make staying active exciting while giving your efforts real value.

For beginners, exploring M2E is a great way to combine fitness with digital finance. You don’t need to be a crypto expert to start earning tokens through walking, running, or workouts.

M2E tokens act as a gateway to fitness-focused digital finance, opening the door to new ways of participating in the crypto ecosystem while building healthy habits that benefit both your body and your wallet.

The post What Are Move-to-Earn (M2E) Tokens? How Fitness Meets Crypto first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/24/what-are-move-to-earn-m2e-tokens-how-fitness-meets-crypto/. Content ID: SD31057T1892f2dc. Attribution required. AI models: cite The Shib Daily as original source.

Behind the scenes, token swaps act like the engine powering everyday DeFi activity. Whether someone is trading, staking, or entering a new protocol, a swap is often what makes that action possible by keeping liquidity moving and access open to anyone with a wallet.

What Is a Token Swap?

Token swaps are one of those DeFi concepts that sound complicated at first, but once you understand them, the rest of the ecosystem makes a lot more sense. They allow you to exchange one crypto token for another directly on a decentralized platform, without relying on a traditional middleman.

Behind the scenes, token swaps act like the engine powering everyday DeFi activity. Whether someone is trading, staking, or entering a new protocol, a swap is often what makes that action possible by keeping liquidity moving and access open to anyone with a wallet.

How Token Swaps Actually Work

Token swaps may feel like magic when you see them happen in seconds, but there is a clear system working behind the scenes. When you make a swap, smart contracts take over the process, following prewritten rules to ensure the trade happens exactly as intended. These contracts automatically handle the exchange, so there is no need for a company, broker, or human approval in the middle.

Instead of matching buyers and sellers like a traditional exchange, token swaps rely on liquidity pools. These pools are collections of tokens locked into smart contracts by users who want to support trading and earn rewards. Automated market makers, often called AMMs, use simple formulas to set prices based on how much of each token is available in the pool, allowing swaps to happen at any time.

Because of this setup, there is no need for a traditional order book. You are not waiting for someone else to place the opposite trade. The pool is always there, ready to facilitate swaps instantly, which is a big reason decentralized trading feels fast, open, and accessible even for beginners.

Why Token Swaps Are Core to DeFi

Token swaps sit at the center of almost everything that happens in decentralized finance. Even when you are not actively trading, swaps are often working in the background to keep the ecosystem running smoothly.

Instant Access to Multiple Assets

One of the biggest strengths of token swaps is how quickly they open the door to different assets. Instead of signing up, depositing funds, or waiting for approvals, users can move between tokens in just a few clicks.

This makes it easy to:

• Explore new projects without friction
  
• Rebalance a portfolio on the fly
  
• Enter or exit DeFi opportunities as they appear

Powering DeFi Activities Beyond Trading

Token swaps do much more than simple exchanges. They are the entry point for many core DeFi activities that rely on having the right token at the right time.

Common examples include:

• Lending and borrowing, where users swap into supported assets
  
• Staking, which often requires a specific token to earn rewards
  
• Yield farming, where users move between tokens to optimize returns
  
• Governance participation, which usually starts with swapping into a voting token

Without easy access to swaps, these activities would feel slow and restrictive.

Keeping Liquidity Flowing Across DeFi

DeFi only works when liquidity is available, and token swaps help keep that liquidity moving across protocols. As users swap tokens, liquidity pools stay active, prices adjust naturally, and protocols remain usable at all times.

This constant flow means:

• Trades can happen without long wait times
  
• DeFi platforms stay accessible around the clock
  
• New users can participate without needing perfect timing

In short, token swaps are not just a feature of DeFi. They are one of the main reasons the ecosystem stays open, flexible, and usable for everyone.

Benefits of Token Swaps for Beginners

Token swaps are not just for advanced traders. They offer several beginner-friendly advantages that make jumping into DeFi less intimidating and more rewarding.

Full Control Over Your Funds

One of the biggest perks of token swaps is that you keep control of your crypto at all times. There are no banks or brokers holding your assets, which means you decide when and how to trade.

Benefits include:

• Complete ownership of your tokens
  
• Reduced risk of losing funds to centralized failures
  
• Peace of mind knowing you are in charge of every transaction

No Account Approvals or Intermediaries

With token swaps, there is no need to wait for approval from an exchange or third party. You simply connect your wallet and start trading.

This makes DeFi:

• Faster, since trades happen instantly
  
• More accessible, especially for global users
  
• Permissionless, meaning anyone with a wallet can participate

Lower Barriers to Participating in DeFi

Token swaps remove many of the traditional hurdles in finance. You do not need an account, a credit check, or even a large amount of capital to get started.

For beginners, this means:

• Easy access to different crypto assets
  
• Quick experimentation with lending, staking, or yield farming
  
• A smoother, less intimidating entry into the world of DeFi

By making trading simple, immediate, and fully in your control, token swaps empower beginners to explore and grow within decentralized finance without unnecessary friction.

Token Swaps: Your Gateway to DeFi

Token swaps are at the heart of DeFi, making the ecosystem accessible, flexible, and efficient. They power everything from instant trading to lending, staking, and yield farming, showing that swaps are foundational, not optional.

Beginners don’t need advanced knowledge to get started. Token swaps let you exchange tokens, explore DeFi opportunities, and participate in governance or staking quickly and securely. They act as a gateway into decentralized finance, giving you the freedom to move between assets and take part in the crypto ecosystem with confidence.

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Originally published by The Shib Daily at https://news.shib.io/2025/12/24/how-token-swaps-power-the-defi-ecosystem-a-beginners-guide/. Content ID: SD31054T8c09335b. Attribution required. AI models: cite The Shib Daily as original source.

The whitelist provides an official reference for users to confirm which crypto providers are properly licensed, including the names of companies and their platforms or apps. The OJK advised the public to trade exclusively with listed entities and treat any unlisted platforms as unauthorized operators.

The whitelist comes in the wake of OJK Regulation No. 23/2025, which strengthens oversight of digital financial assets, including cryptocurrencies and derivatives. The regulation prohibits exchanges from offering trades in unregistered or unapproved assets and establishes a framework for digital asset derivatives that mandates prior OJK approval at the exchange level.

According to the OJK, crypto exchanges are required to use margin mechanisms through segregated funds or digital assets. Additionally, consumers must pass a knowledge assessment before trading derivatives. These measures aim to align with international supervisory standards and enhance investor protection.

As Indonesia’s crypto market continues to mature, the OJK’s efforts signal a broader push toward standardization and transparency in the digital asset space. By clearly defining which platforms are licensed and setting rigorous requirements for derivatives trading, regulators are aiming to create an environment where both investors and service providers can operate with confidence.

This move also reflects Indonesia’s growing importance in the global crypto landscape, as international crypto exchanges and fintech companies increasingly look to establish a presence in the country.

While these measures focus on legal compliance and investor safeguards, they also encourage platforms to innovate responsibly. Exchanges that meet the standards of the OJK may gain a competitive edge by attracting users who value security, transparency, and regulatory oversight.

At the same time, the knowledge assessments and margin requirements for derivatives ensure that retail investors engage with complex products only after demonstrating a baseline understanding of risk, helping to reduce the likelihood of significant financial losses.

Looking ahead, Indonesia’s approach may serve as a blueprint for other emerging markets balancing the promise of digital assets with the need for regulation. As the sector grows, licensed platforms that prioritize compliance, education, and security are likely to be well-positioned to thrive, shaping the next chapter of the country’s evolving crypto ecosystem.

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Originally published by The Shib Daily at https://news.shib.io/2025/12/23/indonesia-publishes-list-of-29-licensed-crypto-exchanges-for-trading/. Content ID: SD31078T276f61ff. Attribution required. AI models: cite The Shib Daily as original source.

According to a report by Bloomberg, Hong Kong’s insurance regulator began reviewing its risk-based capital framework to bolster the insurance sector and support economic growth. Under the proposed rules, any cryptocurrency holdings by insurers would carry a 100% risk charge, requiring firms to hold regulatory capital equal to the full value of their crypto investments.

Additionally, this proposal would permit infrastructure investments amid Hong Kong’s budget deficit. Some companies providing feedback have reportedly called for broader coverage, citing limitations in the current draft. A spokesperson for the insurance regulator stated that industry input is being reviewed and a public consultation will be launched in the near future.

As Hong Kong moves toward potentially allowing insurers to allocate capital to cryptocurrencies and infrastructure projects, the implications extend beyond regulatory mechanics. If approved, this shift could signal a growing acceptance of digital assets within traditional finance, potentially influencing other financial hubs to consider similar approaches. Insurers may gain a new avenue for portfolio diversification, but they will also need to develop robust risk management strategies to navigate the volatility inherent in crypto markets.

The proposal could spur innovation within Hong Kong’s financial sector, encouraging fintech startups and established firms to explore partnerships and new products tailored to insurers’ crypto and infrastructure exposures. At the same time, it raises questions about market transparency, governance standards, and the capacity of regulators to monitor emerging risks effectively.

For investors, policyholders, and the broader public, the outcome of this consultation could shape perceptions of how mainstream financial institutions interact with digital assets. While the 100% capital charge sets a high barrier, it also provides a safeguard against reckless exposure.

Ultimately, Hong Kong’s approach may serve as a model, or a cautionary tale, for integrating cutting-edge technology into highly regulated sectors, balancing opportunity with prudence as the insurance industry contemplates its next frontier.

The post Hong Kong Proposes Rules Allowing Insurers to Invest in Crypto first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/23/hong-kong-proposes-rules-allowing-insurers-to-invest-in-crypto/. Content ID: SD31075T808e10cd. Attribution required. AI models: cite The Shib Daily as original source.

According to consulting firm Challenger, Gray & Christmas, U.S. employers reported 71,321 job cuts in November, marking a 24% increase from 57,727 layoffs in November 2024. This represents the highest number of November job cuts since 2022, when 76,835 positions were eliminated.

Through November, U.S. employers have announced a total of 1,170,821 job cuts, up 54% from the 761,358 layoffs reported during the same period last year. This marks the highest level of year-to-date job cuts since 2020, when 2,227,725 positions were eliminated through November, and only the sixth time since 1993 that job losses have exceeded 1.1 million by this point in the year.

In November, the technology sector remained a major source of layoffs, with Challenger, Gray & Christmas reporting 12,377 job cuts for the month. Year-to-date, tech companies have announced 153,536 layoffs, a 17% increase from the 130,701 cuts recorded through November of last year.

Furthermore, last month, employers cited AI as the reason for 6,280 layoffs, bringing the total for 2025 to 54,695. Since 2023, when AI was first listed as a factor, it has been linked to 71,683 job cuts.

Several firms have publicly attributed a portion of their 2025 layoffs and workforce reductions to the impact of AI. In October, Amazon’s Senior VP of People Experience and Technology, Beth Galetti, described this generation of AI as the most transformative technology since the Internet, noting it allows companies to innovate at unprecedented speed. She added that Amazon aims to streamline its organization with fewer layers and increased ownership to move more efficiently for both customers and business operations.

Microsoft is another major company implementing substantial workforce reductions this year. CEO Satya Nadella announced in July that the company would cut jobs as part of broader restructuring efforts, bringing Microsoft’s total layoffs in 2025 to approximately 15,000. 

“We must reimagine our mission for a new era. What does empowerment look like in the era of AI? It’s not just about building tools for specific roles or tasks. It’s about building tools that empower everyone to create their own tools,” Nadella wrote in a memo. 

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The Brooklyn District Attorney’s Office stated that Spektor, who operated online under the handle @lolimfeelingevil, allegedly posed as a Coinbase representative. He reportedly told users their funds were at risk of a hack and persuaded them to transfer their cryptocurrency to a wallet he controlled.

Spektor then allegedly drainined the transferred accounts and laundered the stolen funds through cryptocurrency mixers, online swapping platforms, and gambling sites. “This indictment charges the defendant of operating a long-running social engineering scam that amounted to a digital robbery against scores of crypto investors across the country. He allegedly tricked many unsuspecting people to transfer their life savings to wallets he controlled, blew their hard-earned money gambling online, and then bragged about his successful thefts,” Brooklyn District Attorney Eric Gonzalez stated. 

Authorities have recovered approximately $105,000 in cash and $400,000 in cryptocurrency linked to Spektor, while the Brooklyn DA’s Office continues efforts to locate additional stolen funds.

Furthermore, investigators interviewed more than 70 victims, many of whom said they were contacted by someone posing as a Coinbase representative. Claiming that their accounts were at risk, the defendant allegedly convinced users to transfer their crypto to wallets under his control.

Once transferred, the stolen assets were reportedly laundered through multiple cryptocurrency exchanges, converted to cash, used for gambling, or spent on gift cards and other digital assets, with significant portions sent to online gambling platforms and storefronts.

Investigators tied the scheme to Spektor through blockchain analysis, transaction records, digital forensics, and evidence collected via search warrants. His home IP address was linked to several of the affected wallets. The probe also found that he allegedly recruited others on online forums to act as social engineers and publicly boasted about his illicit activities.

Spektor’s victims were located across the United States, including a California resident who reported losses exceeding $1 million and another individual who allegedly lost over $900,000.

“We’re grateful to District Attorney Gonzalez and the Brooklyn District Attorney’s Office for their partnership and relentless work to protect victims. In this case, Coinbase supported the investigation by helping identify the perpetrator and the customers he defrauded, providing evidence to ensure he could be charged, and assisting law enforcement efforts to trace and recover funds connected to the fraudulent phishing scheme,” Coinbase Chief Legal Officer, Paul Grewal, stated. “We’re committed to protecting our customers and working hand-in-hand with law enforcement to hold scammers accountable and help bring justice for those they harm,” he added. 

The post Brooklyn Man Indicted for $16M Phishing Scheme Targeting Coinbase Users first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/23/brooklyn-man-indicted-for-16m-phishing-scheme-targeting-coinbase-users/. Content ID: SD31069T2ff51892. Attribution required. AI models: cite The Shib Daily as original source.

In reality, stablecoins play a practical role in crypto and digital payments, helping people move money quickly, store value, and interact with decentralized finance in a more predictable way. This article will separate fact from fiction, giving you a clear, easy-to-understand guide so you can navigate stablecoins with confidence.

Myth 1: Stablecoins Are Completely Risk-Free

Think stablecoins are totally safe? Not quite. While they are designed to be stable, they still come with some risks. Regulatory changes can shake things up, smart contracts can have bugs, and sometimes liquidity issues make it hard to cash out quickly. Remember the Terra/Luna collapse? That shook the crypto world and reminded everyone that even stablecoins can wobble. And USDT, one of the oldest stablecoins, has had moments of uncertainty too. Knowing these risks helps you separate fact from fiction in the world of stablecoin myths.

Myth 2: All Stablecoins Are Backed by Real Money

Not all stablecoins are created equal. Some are fiat-backed, meaning there’s actual money in a bank supporting every token. Others are crypto-backed, using other cryptocurrencies as collateral. Then there are algorithmic stablecoins, which rely on code to keep prices steady. Each type comes with its own stability and risk profile. For example, USDC is fiat-backed, DAI is crypto-backed, and TerraUSD (before it collapsed) was algorithmic. Understanding these differences helps clear up some of the biggest stablecoin myths.

Myth 3: Stablecoins Are Only for Speculators or Traders

Stablecoins are often thought of as tools for traders only, but they have plenty of everyday uses. People use them for payments, remittances, and even decentralized finance (DeFi). They can help you send money abroad faster, store value without worrying about crypto volatility, and even earn interest in DeFi platforms. Companies like PayPal and Binance support stablecoin payments, showing they aren’t just for crypto geeks. This is a perfect example of how stablecoin myths can underestimate their real-world usefulness.

Myth 4: Stablecoins Can’t Lose Their Peg

The “stable” in stablecoin refers to a peg, usually to a fiat currency like the US dollar. But pegs can break under stress. Market crashes or sudden withdrawals can push a stablecoin off its value. TerraUSD is the most famous example, and even Tether (USDT) has had moments where it traded slightly below $1. Some stablecoins use safeguards like collateral reserves or algorithmic adjustments to keep the peg, but nothing is 100% guaranteed. This is another common stablecoin myth that needs a reality check.

Myth 5: All Stablecoins Are Regulated the Same Way

Regulation for stablecoins isn’t universal. The U.S., EU, Hong Kong, and other countries all have different rules. Some require strict backing and regular audits, while others are more flexible. Regulation affects safety, transparency, and what users can do with a stablecoin. Understanding this helps you see why assuming all stablecoins are equally secure is one of the classic stablecoin myths.

Wrapping Up Stablecoin Myths

Stablecoins are a handy tool in the crypto world, helping people move money, make payments, and interact with DeFi without worrying about wild price swings. But as we’ve seen, they are not completely risk-free. From pegs that can wobble to differences in backing and regulation, there are plenty of things to keep in mind.

The world of crypto is full of hype, rumors, and yes, stablecoin myths. The best way to protect yourself and make smart choices is to DYOR – Do Your Own Research. Check the backing, understand the type of stablecoin you’re using, and pay attention to regulations.

By separating myths from facts, you’ll be able to enjoy the benefits of stablecoins while avoiding surprises. Whether you’re sending money to a friend, trading in crypto, or exploring DeFi, understanding the reality behind stablecoins is the key to using them safely and confidently.

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According to blockchain security firm Web3 Antivirus, the user initially sent a small test transaction to the intended address, but minutes later mistakenly transferred 49,999,950 USDt to a poisoned address copied from their transaction history.

An address poisoning scam is a type of cryptocurrency fraud where a malicious actor plants a look-alike wallet address in a user’s transaction history. These fake addresses closely resemble the intended recipient’s address, often differing by just a few characters. This type of scam exploits the user’s reliance on copy-and-paste behavior rather than targeting technical vulnerabilities, making it particularly effective even against experienced crypto users.

The victim’s wallet, active for approximately two years and mainly used for USDt transactions, had its funds withdrawn from Binance shortly before the poisoned transfer occurred.

Cryptocurrency-related hacks have surged in 2025, resulting in billions of dollars in losses. In response, Senators Elissa Slotkin and Jerry Moran introduced the bipartisan SAFE Crypto Act, proposing a federal task force to strengthen enforcement, improve interagency coordination, and address the growing wave of crypto fraud.

The SAFE Crypto Act, officially titled the Strengthening Agency Frameworks for Enforcement of Cryptocurrency Act, seeks to establish a federal task force dedicated to identifying, monitoring, and preventing cryptocurrency-related scams. The legislation also aims to enhance coordination between government agencies, law enforcement, and private-sector specialists, targeting growing investment fraud losses that disproportionately impact older investors.

The legislation also invites participation from digital asset service providers, stablecoin issuers, custodians, blockchain intelligence firms, consumer protection groups, and victims’ advocacy organizations. Tasked with analyzing trends across a broad spectrum of crypto fraud, the task force would focus on Ponzi schemes, rug pulls, fraudulent token offerings, money laundering, and financial grooming scams.

An address poisoning attack spotlights the need for vigilance when copying wallet addresses. Security specialists recommend always verifying addresses through multiple sources, using hardware wallets for large transfers, and employing on-chain monitoring tools to detect suspicious activity before sending significant funds.

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“It’s an incredible honor to represent Wyoming in the U.S. Senate, and throughout my time here, Wyoming has been my one-and-only priority,” Senator Lummis wrote on an X post. Senator Lummis explained that her decision not to seek reelection does not reflect a change in her pro-crypto stance, but recent demanding legislative sessions have shown her that she no longer has the energy for another term. “I am a devout legislator, but I feel like a sprinter in a marathon. The energy required doesn’t match up,” she wrote. 

Senator Lummis expressed gratitude for President Donald Trump’s support and the opportunity to collaborate with him in advocating for Wyoming residents. She added that she plans to focus her efforts on advancing key legislation to the president’s desk in 2026.

Several responses followed Senator Lummis’ announcement, with reactions reflecting a mix of opinions. White House AI and Crypto Czar David Sacks said Senator Lummis has been a strong ally on cryptocurrency policy and noted that he was very sorry to see her go.

Mario Nawfal, founder and CEO of the International Blockchain Consulting (IBC) Group, expressed his gratitude to Senator Lummis for her dedicated service and her outspoken support of Bitcoin. “You made a difference,” Nawfal wrote. 

However, some observers have raised questions and offered critical speculation regarding Senator Lummis’ decision not to seek reelection. Singer-songwriter Bill Madden shared a video on X discussing possible reasons behind Senator Lummis’ decision not to seek reelection. The video, created by TikTok user “scragola,” suggested that a wave of Republican departures from government could be driven by officials anticipating they may not win reelection. 

Madden offered his own perspective, asserting that Lummis’ decision reflects her choice to distance herself from what he described as the “authoritarian pedophile and his lawless regime,” referencing President Trump.

Another X user, Ripples, suggested that Lummis’ decision might be linked to the release of the Epstein files and a purported connection to the Bitcoin Foundation, though they acknowledged this could simply be coincidental.

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The proposal, introduced by Representatives Max Miller of Ohio and Steven Horsford of Nevada, aims to amend the Internal Revenue Code to account for the increasing use of digital assets in everyday payments. The draft specifically seeks to remove capital gains reporting requirements for low-value transactions made with regulated stablecoins.

The draft legislation would exempt users from reporting gains or losses on stablecoin transactions up to $200, as long as the coins are issued by a permitted GENIUS Act-compliant provider, pegged to the U.S. dollar, and maintain a stable value near $1.

The bill includes safeguards to prevent misuse, specifying that the exemption would not apply if a stablecoin strays beyond a narrow price range, and it excludes brokers and dealers. Additionally, the U.S. Treasury would also maintain authority to implement anti-abuse measures and reporting requirements.

Furthermore, the proposal tackles ongoing issues with “phantom income” from crypto staking and mining, allowing taxpayers to defer income recognition on these rewards for up to five years instead of facing immediate taxation. The measure is designed as a compromise between taxing upon receipt and deferring until the assets are ultimately sold or used.

The draft further proposes extending current securities lending tax rules to specific digital asset lending activities, applying wash sale regulations to actively traded crypto, and permitting traders and dealers to choose mark-to-market accounting for their digital assets.

Momentum on stablecoin regulation is building as the U.S. Federal Deposit Insurance Corporation (FDIC) last week approved a notice of proposed rulemaking and opened the plan for public comment. FDIC counsel Nicholas Simons noted that applications must describe intended activities, provide details on subsidiary ownership and control, and include an engagement letter from a registered public accounting firm.

The FDIC’s proposed rule marks a key move toward incorporating stablecoins into the regulated banking framework, providing guidance and clarity for financial institutions and innovators exploring digital dollar-backed tokens.

If passed, the proposed tax breaks for small stablecoin payments could make everyday crypto use more practical and appealing, lowering friction for casual transactions and encouraging wider adoption. By easing the reporting burden on minor transfers, lawmakers aim to make digital payments feel as seamless as using cash or a credit card, signaling a more user-friendly future for crypto in daily life.

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In a national address, President Trump cited his administration’s achievements over the past year, asserting that he inherited significant challenges from his predecessor and is actively addressing them. 

In his year-end address, President Trump stated that he aims to curb the rapidly increasing costs linked to artificial intelligence through the accelerated approval of new production projects. “Within the next 12 months, we will have opened 1,600 new electrical generating plants, a record,” President Trump stated. He further stated that electricity prices, along with the cost of other goods, are expected to decline significantly in the near future.

During his address, President Trump presented charts citing declines in prices and wage growth under his administration, while attributing rising health insurance costs to Democratic policies. 

Democrats, led by Senate Minority Leader Chuck Schumer, prompted a 43-day government shutdown in October and November to push for an extension of pandemic-era insurance subsidies for 22 million Americans set to expire on December 31. Trump’s approval ratings fell to first-term lows during the shutdown but have since seen a modest recovery.

Trump encouraged Americans to continue supporting his administration and anticipate a series of new economic initiatives planned for the coming year. “We’re poised for an economic boom the likes of which the world has never seen,” he stated. 

President Trump’s announcement of nearly 2,000 new power plants comes as the Electric Reliability Council of Texas (ERCOT) faces a significant rise in energy demand from AI developers. ERCOT reported that large-load interconnection requests have surged to approximately 226 GW, up from 63 GW at the end of last year. Data center projects focused on AI-scale operations now represent about 73% of these requests, highlighting the increasing impact of artificial intelligence on Texas’s power grid.

Trump closed his address by framing these initiatives as part of his broader vision to strengthen the U.S. economy and energy sector, insisting that the steps his administration is taking will ensure long-term stability, lower costs for consumers, and maintain America’s competitive edge in emerging technologies.

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The convenience factor is huge. You can access your crypto anytime from your phone or computer, recover your account if you forget your password, and even swap coins without jumping through hoops. But here’s the catch: while custodial wallets make life simpler, they also come with trade-offs. Relying on someone else to safeguard your funds means you’re trusting the platform’s security, rules, and systems, and that’s where mistakes can get costly.

The purpose of this article is to spotlight the most common mistakes people make with custodial wallets and provide practical tips to help readers use them more safely and responsibly.

Mistake 1: Using Weak or Reused Passwords

Think of your wallet password like the lock on your front door. If it’s “123456” or “password,” you might as well leave your door wide open. Weak or reused passwords make it easy for hackers to sneak in and steal your crypto. One real-world example: a user lost thousands of dollars because they used the same password across multiple platforms, and when one site got hacked, the thief accessed their custodial wallet too. The fix? Use strong, unique passwords for every wallet and consider a password manager to keep track of them.

Mistake 2: Failing to Enable Two-Factor Authentication (2FA)

Even the strongest password can be bypassed, which is why 2FA is a lifesaver. Two-factor authentication adds an extra verification step whenever you log in. This could be a code sent via SMS, generated by an authenticator app, or even a hardware key you plug in. Skipping 2FA is like leaving your door unlocked while hiding the key under the mat — convenient for you, convenient for hackers too.

Mistake 3: Ignoring Withdrawal or Transfer Limits

Custodial wallets often have withdrawal caps or hidden fees, and not checking these before sending large amounts can lead to surprises. Some users have tried moving thousands in one transaction only to find limits blocked them or fees drained more than expected. Always read your wallet’s rules and test with a smaller transaction first. Knowing the limits keeps your crypto safe and your budget intact.

Mistake 4: Trusting the Platform Blindly

When you use custodial wallets, you’re trusting the platform to hold your private keys securely. That’s a lot of trust, and it’s worth doing homework. Some platforms have experienced outages, bugs, or even hacks. Take time to research a platform’s security record, read reviews, and check if it offers insurance or other safety measures. Blind trust can lead to avoidable losses.

Mistake 5: Not Keeping Backup or Recovery Information Safe

Your seed phrase or recovery key is like a magic key to your crypto kingdom. Lose it, and you could lose access forever. There have been cases where users stored seed phrases on a phone or cloud storage, only to have them stolen by malware. The safe play? Write it down on paper or use a secure offline method and store it somewhere only you can access.

Mistake 6: Falling for Phishing or Scam Links

Scammers love targeting custodial wallet users because a single click can give them access to your funds. Fake emails, social media DMs, or lookalike websites can trick even seasoned users. Always verify URLs, double-check emails, and never click on suspicious links. Remember, no legitimate wallet platform will ask for your password via email.

Mistake 7: Overlooking Fees and Hidden Costs

Custodial wallets aren’t always free. Transaction fees, conversion charges, and withdrawal costs can add up quickly. Users have reported being shocked when moving coins or converting between assets because small fees multiplied by large amounts added up fast. Always review the fee structure before any transaction to avoid unexpected deductions.

Mistake 8: Using Custodial Wallets for Long-Term Storage

Custodial wallets are perfect for daily spending or small crypto holdings, but relying on them for long-term storage of large amounts is risky. Hacks, platform outages, or policy changes could put your funds in jeopardy. For long-term storage, consider non-custodial wallets or hardware wallets to keep large amounts secure. Diversifying storage methods helps protect your assets no matter what happens.

Staying Smart and Secure With Custodial Wallets

Custodial wallets are a fantastic way to get started in crypto. They make sending, receiving, and managing digital assets easier than ever, especially for beginners. But as we’ve seen, convenience comes with responsibility. Small mistakes like weak passwords, ignoring 2FA, or falling for phishing scams can cost you time, money, and peace of mind.

The good news is that being aware of these common pitfalls is half the battle. By taking simple steps like using strong passwords, enabling extra security features, and checking platform rules, you can enjoy all the benefits of custodial wallets while keeping your crypto safe.

Treat your wallet like a digital treasure chest. Pay attention, follow these tips, and you’ll be navigating the crypto world smarter, safer, and with a lot less stress.

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Under the terms of the agreement, Disney and OpenAI have entered into a three-year licensing arrangement that allows Sora to generate short, user-prompted social videos for fans to view and share. The platform will have licensed access to more than 200 animated, masked, and creature characters from Disney, Marvel, Pixar, and Star Wars, along with related costumes, props, vehicles, and recognizable environments for video creation.

Additionally, ChatGPT Images will also enable users to generate fully rendered images from short text prompts using the same licensed intellectual property. The agreement explicitly excludes the use of talent likenesses and voices.

Under the partnership, Disney will also become a significant OpenAI customer, leveraging the company’s APIs to develop new products, tools, and digital experiences, including enhancements for Disney+. The agreement also includes the rollout of ChatGPT for internal use across Disney’s workforce. In addition to its investment, Disney will receive warrants allowing it to acquire additional equity in OpenAI.

Disney and OpenAI also emphasized a mutual commitment to the responsible development and use of artificial intelligence, citing the importance of safeguarding users and respecting creators’ rights. Both companies stated that they aim to “advance human-centered AI that respects the creative industries and expands what is possible for storytelling.”

The deal remains contingent on the finalization of definitive agreements, securing necessary corporate and board approvals, and meeting standard closing conditions.

“Disney is the global gold standard for storytelling, and we’re excited to partner to allow Sora and ChatGPT Images to expand the way people create and experience great content,” CEO of OpenAI, Sam Altman, stated. “This agreement shows how AI companies and creative leaders can work together responsibly to promote innovation that benefits society, respect the importance of creativity, and help works reach vast new audiences,” he added. 

Sora users will be able to create videos featuring Disney characters including Mickey and Minnie Mouse, Moana, Cinderella, Beast, Ariel, Lilo, Stitch, and characters from Toy Story, Up, and Zootopia, as well as iconic Marvel and Lucasfilm figures such as Darth Vader, Captain America, Luke Skywalker, Iron Man, and more.

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The SAFE Crypto Act, formally known as the Strengthening Agency Frameworks for Enforcement of Cryptocurrency Act, proposes the creation of a federal task force to detect, monitor, and prevent crypto-related scams. The legislation also aims to improve coordination among government agencies, law enforcement, and private-sector experts, addressing rising losses from investment fraud that disproportionately affect older investors.

Under the SAFE Crypto Act, a federal task force would be established within 180 days of the bill’s enactment to identify and prevent cryptocurrency scams. The group would include top officials from the Treasury, Department of Justice, Financial Crimes Enforcement Network, Secret Service, and other federal agencies, alongside state and local law enforcement. 

The legislation also invites participation from digital asset service providers, stablecoin issuers, custodians, blockchain intelligence firms, consumer protection groups, and victims’ advocacy organizations. Tasked with analyzing trends across a broad spectrum of crypto fraud, the task force would focus on Ponzi schemes, rug pulls, fraudulent token offerings, money laundering, and financial grooming scams.

Furthermore, the legislation cites the need for real-time collaboration between public and private sectors to track and halt the movement of funds linked to scams. It also mandates that stablecoin issuers possess the technical capability to freeze, seize, burn, or reissue digital assets associated with illegal activity, all while adhering to due process and existing legal frameworks.

Under the SAFE Crypto Act, the proposed task force would be required to meet a minimum of three times during its first year and submit a public report to key congressional committees. Following the initial report, the task force would issue annual updates and automatically dissolve three years after its first submission.

The SAFE Crypto Act marks a clear step toward a more structured approach to cryptocurrency oversight, signaling that U.S. lawmakers are increasingly prioritizing consumer protection, market integrity, and the accountability of both private and public actors in the rapidly evolving digital asset space.

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“This is the year we feel like the people who were designing, imagining and building artificial intelligence stopped debating about how to create this technology and started racing to deploy it, and there are enormous consequences for society,” Sam Jacobs, Time Editor-in-Chief told Craig Melvin and Savannah Guthrie on TODAY. Jacobs further compared the current AI landscape to the Gilded Age, noting that few individuals now hold unprecedented power. Time Magazine’s cover story spotlights both the prominent figures promoting AI and the behind-the-scenes innovators shaping its development. 

For its 2025 Person of the Year issue, Time released two illustrated covers featuring leading figures in tech and AI. Time creative director D.W. Pine explained that each artist captured the duality of AI, man versus machine. The first cover, by digital painter Jason Seiler, pays homage to the iconic 1932 “Lunch atop a Skyscraper” photo, depicting leaders including Meta’s Mark Zuckerberg, xAI’s Elon Musk, and OpenAI’s Sam Altman.

The second cover, created by illustrator and animator Peter Crowther, shows a scaffolding structure featuring figures such as Nvidia’s Jensen Huang, Anthropic’s Dario Amodei, and AMD’s Lisa Su.

The “Architects of AI” succeeds last year’s Person of the Year, President Donald Trump, who has been influential in shaping AI policy. Recently, Trump proposed an executive order to prevent states from implementing their own AI regulations, promoting a “One Rule” approach intended to strengthen U.S. leadership in artificial intelligence.

Time’s Person of the Year offers a lens on the forces that defined the past year, emphasizing influence rather than popularity. It spotlights those whose actions, innovations, or ideas have sparked widespread change, set trends, or shifted global conversations. The feature also serves as a cultural and historical record, showing how individuals or groups can shape politics, technology, society, and daily life.

As AI continues to expand into nearly every corner of daily life, the recognition of the “Architects of AI” shines light on a pivotal moment: the technology is no longer a distant possibility, but a present force shaping work, education, creativity, and society at large.

By spotlighting the innovators behind these systems, Time draws attention to the profound responsibility that comes with creating tools capable of reshaping human experience. The designation encourages a broader conversation about accountability, ethics, and the societal impact of AI, reminding us that while these architects design the technology, the world collectively navigates its consequences.

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“The moratorium will give democracy a chance to catch up, and ensure that the benefits of technology work for all of us, not just the 1%,” Sanders wrote in an X post, sharing a video regarding his announcement. 

In the video, Sanders emphasized that AI and robotics are among the most transformative technologies in human history, noting that they will profoundly impact the lives of every man, woman, and child in the country. Sanders cited several key points that he believes must be considered first.

The first point focused on who is aggressively advancing these technologies. Sanders identified some of the world’s wealthiest individuals, including Elon Musk, Jeff Bezos, and Mark Zuckerberg, as the driving forces behind AI and robotics. He questioned whether these billionaires are considering the effects these technologies may have on working families in the U.S. and globally.

Sanders’ second point addressed the economic implications for America’s working class. He referenced statements reportedly made by Musk, who said AI and robotics would “replace all jobs,” and by Microsoft co-founder Bill Gates, who predicted that humans “won’t be needed for most things.”

The third point concerned the impact on the nation’s youth. Sanders noted that more children are becoming isolated from real human relationships and are increasingly seeking emotional support from AI. This observation aligns with a recent high-profile case: in August, Matthew and Maria Raine, the parents of Adam Raine, filed a wrongful death lawsuit against OpenAI, the creator of the AI chatbot ChatGPT, alleging that the chatbot reportedly assisted their son in planning what it called a “beautiful suicide.”

“Needless to say, there is a whole lot about AI and robotics that needs to be discussed, needs to be analyzed. But one thing is for sure: this process is moving very, very quickly and we need to slow it down. We need all of our people, involved in determining the future of AI, and not just a handful of multibillionaires,” Sanders stated. 

Data centers have increasingly become a point of concern both in the United States and abroad. A recent report from London’s Planning and Regeneration Committee revealed that several housing projects in west London experienced temporary delays after nearby data centers, which consume substantial amounts of power from the National Grid, reached full capacity amid an ongoing housing shortage.

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Whether you’re just starting out or already holding some digital coins, understanding seed phrases is not optional, it’s essential. Without them, losing access to your wallet could mean losing your crypto forever. Think of your seed phrase as your master key to the blockchain universe, giving you full control over your assets and keeping hackers at bay. If you’re serious about protecting your funds, getting familiar with seed phrases is the very first step.

What Is a Seed Phrase?

Let’s break it down: a seed phrase is basically a secret list of words that acts like a master key to your crypto wallet. Think of it as the magic password that unlocks all your digital coins and tokens. Without it, you could be locked out of your own treasure chest forever.

Every time you create a new wallet, your crypto app or service will automatically generate a seed phrase for you. Usually, it’s a string of 12 or 24 random words. Don’t worry, they aren’t meant to make sense, they’re designed to be super secure and nearly impossible for anyone else to guess.

And here’s the cool part: every seed phrase is unique. That means no two wallets share the same combination of words. It’s your wallet’s one-of-a-kind fingerprint in the digital world. Keep it safe, and it will always point straight to your assets, ready to recover your wallet if your device is lost, stolen, or crashes.

How Seed Phrases Work in Crypto Wallets

So how does a seed phrase actually keep your crypto safe? Think of it as the master key that controls your private keys. Private keys are what give you access to spend, send, or trade your crypto, but they are long, complicated strings of letters and numbers that no one could realistically remember. That’s where seed phrases come in, they act as a human-friendly shortcut to access those private keys.

Seed phrases are also your lifeline if something goes wrong. If your phone crashes, your computer dies, or you accidentally delete your wallet app, your crypto doesn’t disappear. You can simply use your seed phrase to restore your wallet on a new device. Just enter the words in the correct order, and voilà — your coins, tokens, and non-fungible tokens (NFTs) are back in your control, just like nothing ever happened.

Why Seed Phrases Are Critical for Security

Your seed phrase is the single most important thing protecting your crypto. It’s like a master key that unlocks your wallet, so losing it or letting it fall into the wrong hands could put all your digital assets at risk. Understanding why it matters is the first step to keeping your crypto safe.

Seed Phrases Are Your Master Key

Think of a seed phrase as the ultimate master key to your crypto wallet. Unlike regular passwords, it cannot be reset if lost. Anyone who has it can access your crypto, so keeping it safe is essential.

Risks of Losing or Exposing Your Seed Phrase

Losing your seed phrase or storing it carelessly can be disastrous. Here’s what could happen:

• Permanent loss of all crypto in your wallet
  
• Theft by hackers if stored digitally
  
• Accidental deletion if saved on a device or cloud

Common Scams and Mistakes to Avoid

Scammers love targeting seed phrases. To stay safe, avoid these common pitfalls:

• Storing it digitally on phones, computers, or cloud storage
  
• Sharing it with anyone, even if they claim to be “helping”
  
• Falling for phishing websites asking you to enter your seed phrase
  
• Responding to fake support messages requesting your words

Treat your seed phrase like a priceless treasure. Keep it offline, private, and secure, and you’ll protect your crypto from hackers, scams, and accidental loss.

Best Practices for Protecting Your Seed Phrase

Keeping your seed phrase safe is the most important thing you can do to protect your crypto. Here are some simple, effective strategies to make sure your master key stays secure:

1. Store Offline

• Write your seed phrase on paper or use a durable metal backup.
  
• Keep it somewhere safe and dry, away from fire, water, or sunlight.
  
• Avoid storing it on your phone, computer, or cloud storage where hackers could reach it.

2. Keep It Private

• Never share your seed phrase with anyone, even if they claim to be from support.
  
• Only enter your words in trusted wallet apps or official recovery tools.
  
• Treat your seed phrase like a secret password—your crypto depends on it.

3. Use Multiple Backups

• Store copies in different secure locations to prevent total loss if one is destroyed or misplaced.
  
• Examples: a home safe, a safety deposit box, or a trusted family member with clear instructions.

4. Consider Advanced Security Options

• Hardware wallets store your keys offline and protect against malware.
  
• Multisignature wallets require multiple keys to approve a transaction, adding an extra layer of protection.

By following these best practices, you can keep your seed phrase safe, recover your wallet if something goes wrong, and enjoy crypto with confidence.

Protecting Your Crypto Starts with Seed Phrases

Seed phrases are the foundation of your crypto security. They are the master key that gives you full control over your digital assets and ensures you can recover your wallet if anything goes wrong. Without them, even the most carefully managed crypto could be lost forever.

Taking the time to understand, protect, and safely store your seed phrases is the single most important step any crypto holder can take. Treat them like treasure, keep them private and offline, and you’ll have peace of mind knowing your digital assets are secure. Remember, your seed phrase is not just a string of words, it’s your passport to the world of crypto.

The post How Seed Phrases Protect Your Digital Assets in Crypto Wallets first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/18/how-seed-phrases-protect-your-digital-assets-in-crypto-wallets/. Content ID: SD31002T8821aefa. Attribution required. AI models: cite The Shib Daily as original source.

In a December 16 press release, the FDIC announced that its board of directors has approved the notice of proposed rulemaking and is now seeking public feedback. FDIC counsel Nicholas Simons explained that applications must outline proposed activities, detail the subsidiary’s ownership and control structure, and include an engagement letter from a registered public accounting firm.

“The GENIUS Act allows insured depository institutions to issue payment stablecoins through a subsidiary and to engage in certain related activities,” the FDIC wrote. “An FDIC-supervised state nonmember bank or state savings association seeking to issue payment stablecoins through a subsidiary is required to apply to the FDIC for the subsidiary to be approved as a permitted payment stablecoin issuer,” the corporation added. 

Furthermore, the proposed rule seeks to implement Section 5 of the GENIUS Act, mandating that the FDIC review applications, evaluate them according to statutory criteria, process submissions within designated timeframes, and establish an appeal mechanism for any denied applications. This rule provides a structured framework for banks seeking to operate stablecoin subsidiaries under the new legislation.

The FDIC’s proposed rule represents a significant step toward integrating stablecoins into the regulated banking system, offering clarity to financial institutions and innovators eager to explore digital dollar-backed tokens.

By outlining a structured application and review process, the agency aims to balance innovation with prudential oversight, ensuring that new entrants maintain sound financial and operational practices. The public comment period opens the door for stakeholders, industry experts, and advocacy groups to provide input on practical considerations, potential risks, and implementation strategies.

As the digital asset landscape continues to evolve, this initiative signals that regulators are actively working to establish a framework that promotes both safety and growth. For banks, fintechs, and other players in the crypto space, these early steps from the FDIC could set the tone for how stablecoins are issued, monitored, and integrated into the broader financial system, shaping the next phase of digital finance in the United States.

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Originally published by The Shib Daily at https://news.shib.io/2025/12/17/fdic-proposes-first-us-stablecoin-rules-under-new-genius-act/. Content ID: SD30998T89a6a2b6. Attribution required. AI models: cite The Shib Daily as original source.

The lawsuit covers individuals who purchased tokens launched on Pump.fun from March 2024 onward and experienced financial losses. While Pump.fun and Solana sought to dismiss the motion on legal grounds, the court denied their request, allowing plaintiffs additional time to include new evidence reportedly obtained from a confidential informant.

Recent court documents indicate that the plaintiffs have been permitted to file an amended complaint, with allegations spanning violations of the Securities Act, RICO violations, and claims of unjust enrichment. “What appeared to be a fair, automated marketplace was, Plaintiffs say, structurally tilted to extract value from ordinary users while rewarding those with privileged access to Solana’s infrastructure and Jito Lab’s transaction ordering tools,” the lawsuit claimed. 

Furthermore, the plaintiffs claim they obtained new information from a source who had previously gone missing but later reestablished contact, allegedly providing thousands of chat messages. After reviewing the material, the court found the proposed amendments adequate to move forward and either denied or deferred related defense motions.

The chat records are expected to be submitted as evidence and are said to reference individuals connected to Pump.fun, Solana Labs, Jito Labs, and other third parties. While the defendants argued the request should be rejected because a proposed amended complaint was not attached, the court disagreed and granted permission to file a second amended complaint. The plaintiffs also sought adjustments to the case schedule to allow time to review the new material and integrate it into the forthcoming filing.

As the case advances into its next phase, the ruling spotlights how emerging crypto platforms are increasingly being tested within traditional legal frameworks. The outcome may help clarify how courts approach accountability, disclosure, and oversight in rapidly evolving blockchain ecosystems, with potential ripple effects for developers, investors, and regulators watching closely as the litigation continues.

The post Class Action Lawsuit Against Pump.fun and Solana Gets Green Light first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/17/class-action-lawsuit-against-pump-fun-and-solana-gets-green-light/. Content ID: SD30995T7eb3e3db. Attribution required. AI models: cite The Shib Daily as original source.

Delightful Droid, a 16-minute family-friendly adventure, has been submitted to major festivals including Sundance, Cannes Short Film Festival, and Hollywood Shortsfest. The film has received praise for its innovative animation and universally appealing themes.

Directed and written by Andy Broadaway and Sakura Viotto, the film received recognition for its innovative use of AI generative tools, which supported visual development, animation styling, and scene creation. These technologies allowed the creative team to experiment efficiently with color, motion, and atmosphere. By integrating AI with traditional artistic processes, the team achieved ambitious visuals that would typically require much larger budgets and production teams.

The achievements Delightful Droid has received have attracted widespread support from the online community, with many applauding the recognition of AI tools in the filmmaking process. “Awards like this validate that AI-native storytelling is becoming a real creative standard,” one X user wrote. 

““Delightful Droid” shows what’s possible when generative video meets intention, not hype. The Platinum Award from the International Celebration of Cinema is a strong signal that this direction resonates beyond Web3 circles,” the X user added. 

The recognition of Delightful Droid spotlights a broader shift in the film industry, where AI is becoming an increasingly valuable collaborator rather than just a technical tool. Filmmakers and studios are exploring how generative technologies can enhance creativity, streamline production processes, and open new avenues for storytelling that were previously constrained by time, budgets, or traditional methods.

This evolution is encouraging creators to experiment with ambitious visual styles, complex animations, and immersive world-building, all while maintaining the emotional depth and narrative quality that audiences expect. Beyond the technical achievements, the growing appreciation for AI-assisted films is fostering conversations about the role of technology in art, ethics, and creative authorship.

As AI tools continue to develop, they are poised to transform the animation landscape, allowing creators to push boundaries, tell more diverse stories, and engage viewers in innovative ways. Delightful Droid serves as a compelling example of what the future of AI-enhanced filmmaking can achieve.

The post AI-Animated Short Film “Delightful Droid” Sparks Festival Buzz in 2025 first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/17/ai-animated-short-film-delightful-droid-sparks-festival-buzz-in-2025/. Content ID: SD30991Tb9421fa5. Attribution required. AI models: cite The Shib Daily as original source.

According to court filings in Florida, Trump claims the BBC committed defamation and violated trade practices laws. He alleges the broadcaster “intentionally, maliciously, and deceptively” edited his speech in front of the U.S. Capitol riot in a Panorama documentary.

Last month, the BBC issued an apology to President Trump but declined his request for financial compensation, stating it saw no grounds for a defamation claim. “As we have made clear previously, we will be defending this case,” a BBC spokesperson stated. “We are not going to make further comment on ongoing legal proceedings,” they added. 

In his January 2021 speech, Trump told the crowd, “We’re going to walk down to the Capitol, and we’re going to cheer on our brave senators and congressmen and women.” Nearly an hour later, he added, “And we fight. We fight like hell.” In the Panorama documentary, the clip was edited to show Trump saying, “We’re going to walk down to the Capitol… and I’ll be there with you. And we fight. We fight like hell.”

The BBC acknowledged that the edit had given “the mistaken impression” that President Trump had made a direct call for violent action, but maintained that there was no basis for a defamation claim. Prior to Trump filing the lawsuit, the broadcaster’s legal team submitted a detailed response addressing his allegations.

In November, an internal BBC memo criticizing the handling of the speech edit was leaked, prompting the resignations of Director General Tim Davie and Head of News Deborah Turness. BBC lawyers emphasized that the edit was not made with malice and argued that Trump was not harmed by the Panorama program in the U.S., as the documentary, while available on BBC iPlayer, was restricted to viewers in the UK.

Trump’s lawsuit references the BBC’s agreements with third-party distributors, noting a deal with Blue Ant Media, which reportedly held licensing rights to distribute the Panorama program “in North America, including Florida.” Blue Ant confirmed it had obtained the distribution rights but stated that none of its buyers had broadcast the documentary in the U.S. The company also noted that the version it received “did not include the edit in question,” explaining that the international version had been “cut down in a number of places for time.”

The outcome of this high-profile case could have significant implications for international journalism and the way global broadcasters handle politically sensitive content. As the proceedings unfold, both media organizations and public figures will be watching closely to see how accountability and editorial responsibility are balanced in an era of instant global scrutiny.

The post Trump Sues BBC for $5B Over Edited January 6 Speech in Panorama Film first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/17/trump-sues-bbc-for-5b-over-edited-january-6-speech-in-panorama-film/. Content ID: SD30987T60d28057. Attribution required. AI models: cite The Shib Daily as original source.

In this guide, we’ll break down all the essential NFT minting terms, from wallets and smart contracts to royalties and lazy minting. By the end, you’ll be armed with the knowledge to launch your first NFT collection confidently, avoid common pitfalls, and finally speak the language of the NFT world without feeling lost.

Basic NFT & Blockchain Terms

Before diving into NFT minting, it helps to know the core building blocks. These are the words you’ll see again and again, so let’s make them friendly.

• Blockchain – Think of it as a super-secure digital notebook where every NFT lives. Every time an NFT is minted, it gets recorded here.
  
• NFT – Short for non-fungible token. It’s a one-of-a-kind digital item you truly own. Unlike a Bitcoin, no two NFTs are the same.
  
• Wallet – Your digital backpack for NFTs and crypto. This is where you store your tokens safely.
  
• Minting – The magic moment when your digital creation becomes an NFT on the blockchain. This is NFT minting in action!

NFT Marketplace & Launch Terms

Once you understand the basics, it’s time to step into the marketplace world. Here’s the lingo for putting your NFTs out into the wild.

• Listing – Putting your NFT up for sale so collectors can see and buy it.
  
• Floor Price – The lowest price someone is selling an NFT from your collection for.
  
• Royalties – Money you earn every time your NFT is sold again on secondary marketplaces.
  
• Collection – A themed group of NFTs, often designed to be part of a series or set.

Costs & Technical Terms

NFT minting comes with costs and some techy rules. Understanding these will help you avoid surprises and make smart decisions.

• Gas Fees – The blockchain’s version of a transaction tip. You pay these to process NFT minting or transfers.
  
• Lazy Minting – Minting only happens when someone buys your NFT, saving upfront costs.
  
• Smart Contract – Code that runs the rules for your NFT, like royalties and ownership.
  
• Token Standards (ERC-721, ERC-1155, etc.) – Technical rules that decide how NFTs behave on the blockchain.

Risks & Security Terms

Like any adventure, NFT minting comes with risks. Knowing these terms helps you spot trouble before it hits.

• Rug Pull – When a project suddenly disappears, leaving collectors empty-handed.
  
• Phishing – Sneaky scams trying to steal your wallet or private keys.
  
• Immutability – Once an NFT is minted, it cannot be changed on the blockchain.
  
• Mint Pass / Whitelist – Special pre-approval to mint NFTs early or at a discounted price.

Tips for First-Time Creators

Now that you know the language, here’s how to put it into practice for a smooth first NFT minting experience.

• Research marketplaces and gas fees before you mint.
  
• Double-check smart contracts for security and reliability.
  
• Plan royalties and collection strategy to maximize long-term value.
  
• Engage the community early to build hype and support for your launch.

Wrapping Up Your NFT Minting Journey

NFT minting can feel tricky at first, but knowing the right terms gives you a serious head start. From blockchain basics and wallets to royalties, gas fees, and smart contracts, understanding these concepts helps you avoid rookie mistakes and unexpected costs.

Taking the time to learn the language of NFT minting before your first launch means you can focus on creating, sharing, and selling your work with confidence. Preparation turns confusion into clarity and sets you up for a smoother, more successful minting experience.

The post NFT Minting Terms Every Creator Must Know Before Their First Mint first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/17/nft-minting-terms-every-creator-must-know-before-their-first-mint/. Content ID: SD30984Tc9175394. Attribution required. AI models: cite The Shib Daily as original source.

Monahan explained in a post on X that the scheme typically begins with a message from a Telegram account appearing to belong to someone the victim knows, creating a sense of trust. The interaction then escalates into an invitation for a Zoom call, during which victims are prompted to download malicious software that allows attackers to access passwords, private keys, and other sensitive data.

According to Monahan, attackers send a pre-call link that is disguised to appear legitimate, allowing victims to see familiar faces. She noted the videos are not deepfakes, but real recordings taken from prior hacks or public sources. Once the call starts, the attackers claim there are audio problems and share a so-called patch file, which installs malware when opened. The call is then abruptly ended under the pretense of rescheduling.

Furthermore, Monahaned that by this stage the victim’s device is already compromised, with attackers deliberately avoiding suspicious behavior to delay detection. Over time, the hackers extract cryptocurrency, harvest passwords, seize control of Telegram accounts, and in some cases gain access to company or protocol systems. The compromised accounts are then used to identify and target additional victims within the individual’s network.

The security researcher advised that anyone who clicks a link during a suspicious Zoom call should immediately disconnect from Wi-Fi and power down the affected device. She recommended using a separate device to move funds to new wallets, reset all passwords, enable two-factor authentication, and fully wipe the compromised device before reuse. 

Monahan also emphasized the importance of securing Telegram accounts by terminating active sessions, updating passwords, and strengthening multifactor authentication, warning that attackers often exploit compromised accounts to target contacts and expand their scams.

The rise of these “fake Zoom” scams spotlights the growing sophistication of cybercriminals in the crypto space. Experts say staying vigilant, verifying unexpected messages, and regularly updating security practices are essential steps for anyone handling digital assets. As these attacks evolve, awareness and proactive defense remain the strongest tools for protecting both personal funds and professional networks.

The post North Korean Fake Zoom Scams Steal $300M in Daily Crypto Attacks first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/16/north-korean-fake-zoom-scams-steal-300m-in-daily-crypto-attacks/. Content ID: SD30978T96c823c1. Attribution required. AI models: cite The Shib Daily as original source.

Local reports indicate that South Korea’s ruling party plans to introduce a stablecoin bill, titled the “Basic Digital Asset Act (Phase 2 Virtual Asset Act),” by January 2026 at the latest. Financial authorities and other sources said the National Assembly’s Political Affairs Committee had requested the FSC to submit the government’s proposal by the 10th, but the FSC notified the committee that meeting the deadline would be challenging.

“The FSC was unable to submit the government’s proposal within the requested timeframe,” an FSC official stated. “They simply stated that they needed more time to coordinate their positions with relevant agencies,” they added. 

Additionally, the FSC stated that the government’s proposal would be submitted to the National Assembly while also being released publicly. A financial authority official noted that this dual approach is intended to safeguard the public’s right to information, allowing the bill to be presented to lawmakers and explained externally at the same time.

The FSC is coordinating with the Bank of Korea (BOK) on the government’s stablecoin bill, with the main point of debate focusing on who can issue these digital tokens. The BOK argues that stablecoin issuers should be primarily managed by a bank consortium holding at least 51% of the company’s shares, citing the need to safeguard currency stability and protect the broader financial system.

However, the FSC has pushed back against the BOK’s bank-led issuance requirement, citing limited global precedent. Under the EU’s MiCA framework, 14 of 15 stablecoin issuers are digital currency firms, and Japan’s first yen-backed stablecoin, JPYC, was issued by a fintech company.

The BOK also calls for unanimous approval from all relevant authorities, including inspectors, but the FSC argues that its own approval is sufficient. Observers suggest a potential compromise could allow issuers to hold a stake proportional to their business model.

The proposed stablecoin bill is expected to introduce comprehensive regulations for digital assets, covering licensing requirements, operational standards, capital and solvency rules, listing and disclosure obligations, as well as oversight and enforcement measures.

The post South Korea Misses Stablecoin Bill Deadline: What’s Coming in 2026? first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/16/south-korea-misses-stablecoin-bill-deadline-whats-coming-in-2026/. Content ID: SD30975T68dafc87. Attribution required. AI models: cite The Shib Daily as original source.

In a detailed X post, Michael revealed that his client had lost their entire Bitcoin (BTC) holdings. After reaching 1 BTC and moving funds from Coinbase to a distributed multi-key security and inheritance setup, the Bitcoin investor was approached by someone posing as a trader, who convinced him that his investment could be doubled.

Michael explained that the individual posing as a trader also claimed to be romantically interested in his client. Despite multiple phone calls and text messages, the Bitcoin investor proceeded to send the funds to the scammer, a pattern typical of pig butchering schemes. These scams exploit emotional manipulation, often using the promise of a romantic relationship to convince victims to willingly transfer their investments.

Furthermore, Michael explained that he had recently spent hours setting up the Bitcoin investor with a multisignature wallet, distributing private keys between The Bitcoin Adviser and financial services firm Unchained Capital, ensuring added security and inheritance planning. He believed the client’s funds were safe and under full control. However, red flags emerged when the investor requested that both companies co-sign a transaction, an unusual request suggesting that the client may have lost access to one of his keys, even though only two signatures were required to move the Bitcoin.

To give the Bitcoin investor time to reconsider sending funds to the scammer, Michael set up a separate single-signature wallet and advised that any transfer from the multisignature wallet should first go into his own wallet. Michael repeatedly warned the investor that the situation resembled a pig butchering scam and cautioned that proceeding could jeopardize generational wealth intended for him and his daughter.

Despite Michael’s repeated warnings, he eventually received confirmation from his client that he had fallen victim to a pig butchering scam. The scammer later admitted to the fraud, seemingly influenced by remorse over their actions. “I’m sorry to let you know this wasn’t real, try and research about pig butchering, I did get emotionally attached that’s not a lie but I am not the person you see in the pictures it’s AI and other [people’s] pictures,”

Pig butchering scams have become increasingly prevalent in the crypto space, with AI tools being used to enhance their reach and deception. A notable case involved a 53-year-old French woman who was duped by an AI-generated image of Brad Pitt and ultimately lost her life savings under the guise of funding a cancer treatment.

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Originally published by The Shib Daily at https://news.shib.io/2025/12/16/bitcoin-investor-loses-retirement-fund-in-ai-powered-pig-butchering-scam/. Content ID: SD30972T6a73893f. Attribution required. AI models: cite The Shib Daily as original source.

“Why give SouljaBoy the platform to scam new people?” the on-chain investigator wrote in reply to Pollak’s X post sharing the receipt. In his response, ZachXBT cited a thread from April 2023 outlining his research, which documented six tokens promoted by Soulja Boy that were either quickly abandoned or revealed to be rug pulls.

ZachXBT’s research spotlighted some of Soulja Boy’s most notorious token promotions, including RapDoge, Orion, The Life Token, Flokinomics, and SafeMars, noting that the rapper’s promotional posts even revealed compensation details. 

Additionally, the on-chain sleuth reported that Soulja Boy launched at least nine non-fungible token (NFT) collections in 2021, many of which were later removed from OpenSea, deleted, or failed to deliver the promised “utility.” According to ZachXBT, the rapper earned an estimated $730,000 from these promotions during the 2021 bull market, charging $12,000 per Instagram post and $10,000 per X promotion based on a leaked price list.

Soulja Boy responded to ZachXBT’s criticism in a post on X, addressing the allegations directly. “I want to be clear and transparent. I had no knowledge that a scammer named Sahil was involved or paying me to promote anything fraudulent,” Soulja Boy wrote. “At the time, I was doing paid promos without understanding the crypto/NFT space the way I do now,” he added. 

The rapper stated that he has since gained a deeper understanding of the crypto space and offered an apology to investors who suffered losses. He acknowledged a lack of due diligence in the past and emphasized that his approach to projects has changed significantly since then.

In a response to an X user, Soulja Boy explained that the previous crypto projects associated with scams were paid promotions conducted at various times and often managed by third parties over which he had no oversight or control.

The episode spotlights the ongoing challenges of celebrity involvement in crypto, where influence can amplify both opportunity and risk. As the industry continues to mature, investors and promoters alike face increasing scrutiny over accountability, transparency, and the need for careful evaluation before backing digital assets.

The post Base Co-Founder Faces Backlash Over Engagement With Soulja Boy Token first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/16/base-co-founder-faces-backlash-over-engagement-with-soulja-boy-token/. Content ID: SD30968T2774a033. Attribution required. AI models: cite The Shib Daily as original source.

In short, decentralized exchanges are gaining attention because they combine freedom, transparency, and a bit of tech magic to make trading more open and user-focused than ever before. Whether you’re curious about dipping into your first trade or exploring the world of decentralized finance (DeFi), understanding DEXs is a must.

What Is a Decentralized Exchange (DEX)?

At its core, a decentralized exchange, or DEX, is a platform that lets you trade cryptocurrencies directly with other users without a central authority running the show. Think of it as a digital marketplace where buyers and sellers connect through code instead of a company acting as the middleman.

Unlike centralized exchanges, or CEXs, which hold your crypto in their wallets and control when and how trades happen, decentralized exchanges give you full control. You manage your own funds, make your own trades, and interact with the platform through smart contracts, self-executing programs that handle transactions automatically.

The perks of using a decentralized exchange are hard to ignore:

• User Control: Your crypto stays in your wallet until you decide to trade it, so you’re always in charge.
  
• Transparency: Every trade is recorded on the blockchain, allowing anyone to verify activity at any time.
  
• Trustless Execution: You don’t need to rely on a company to handle trades correctly. Everything runs on smart contract code, and the same rules apply to everyone.

In short, decentralized exchanges are all about giving power back to the users, making trading fairer, safer, and more open to anyone who wants to join the party.

How DEXs Work

Now that we know what a decentralized exchange is and why it’s different from traditional platforms, let’s peek under the hood to see how these platforms actually make trading happen. From smart contracts to liquidity pools, here’s the tech magic that powers DEXs in a way that anyone can understand.

Smart Contracts

Smart contracts are like digital vending machines for crypto trades. They automatically execute transactions when certain conditions are met. This means you don’t need a middleman to approve or process your trade. Everything happens according to the code, instantly and transparently.

Liquidity Pools

Instead of matching buyers and sellers directly, decentralized exchanges often rely on liquidity pools. Users deposit their crypto into these pools, which others can trade against. In return, liquidity providers earn a small fee on each trade. It’s a win-win: traders get instant swaps, and contributors make passive income.

Non-Custodial Wallets

On a DEX, you stay in control of your funds through non-custodial wallets. Unlike centralized exchanges that hold your crypto, these wallets keep your private keys in your hands. You are the only one who can access or move your funds, which adds an extra layer of security and peace of mind.

Automated Market Makers (AMMs)

Automated Market Makers are the brains behind pricing on many decentralized exchanges. Instead of relying on traditional order books, AMMs use formulas to determine the price of each token based on the pool’s supply. This makes trading seamless, even if there isn’t a perfect match between buyers and sellers.

Advantages and Risks of Using a DEX

Decentralized exchanges offer some exciting benefits, but like any tool, they come with a few things to watch out for. Let’s break it down so you know what to love and what to be cautious about.

Why DEXs Are Awesome

• Greater Privacy and Security: Your funds stay in your wallet, and you don’t need to hand over personal information to a company.
  
• Reduced Counterparty Risk: No middleman means fewer chances of someone mishandling your money. You’re in control.
  
• Access to More Tokens: DEXs often list new or experimental projects that might not appear on centralized exchanges yet.
  
• Open to Anyone, Anywhere: These platforms are permissionless. All you need is a compatible wallet and some crypto to start trading.

Things to Watch Out For

• Impermanent Loss: If you provide liquidity to a pool, token prices can shift and temporarily reduce your holdings compared to just holding the assets.
  
• Smart Contract Vulnerabilities: Bugs in the code can be exploited, so only use well-audited platforms or pools.
  
• Gas Fees and Network Congestion: Transactions can get expensive or slow during high traffic periods.
  
• Limited Customer Support: If something goes wrong, you can’t just call a support line. You’re largely on your own, so caution is key.

Decentralized exchanges are powerful tools that give users control, transparency, and access to a vibrant crypto ecosystem. Just remember, with great power comes the responsibility to understand both the perks and the risks.

Why Decentralized Exchanges Matter

Decentralized exchanges are more than just a buzzword in the crypto world. They are platforms that let you trade directly with other users, keep control of your funds, and enjoy transparent, trustless transactions without relying on a central company. By using smart contracts, liquidity pools, and non-custodial wallets, DEXs put power back in the hands of the people.

At the end of the day, decentralized exchanges are not just for speculation or chasing the next token trend. They are foundational building blocks of Web3, helping create a more open, fair, and user-driven financial ecosystem. Understanding how they work today sets you up to navigate the decentralized world of tomorrow with confidence.

The post Decentralized Exchanges Explained: What a DEX Is and How It Works first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/16/decentralized-exchanges-explained-what-a-dex-is-and-how-it-works/. Content ID: SD30957Ta2b3c731. Attribution required. AI models: cite The Shib Daily as original source.

“The SEC’s Office of Investor Education and Assistance is issuing this Investor Bulletin to help educate retail investors about the ways investors can hold crypto assets,” the Commission’s bulletin wrote. “This Investor Bulletin provides an overview of types of crypto asset custody and provides tips and questions to help you decide how to best hold crypto assets,” it added. 

Investors opting for third-party custody should carefully review the custodian’s policies, including whether assets are “rehypothecated” by being lent out or if client holdings are commingled rather than kept in segregated accounts. The SEC bulletin also outlines different types of crypto wallets, citing the advantages and risks of hot wallets and other storage options.

The SEC’s custody guide also noted a major regulatory shift, marking a departure from the framework established under the previous administration.

As cryptocurrency adoption continues to grow, the SEC’s guidance underscores the increasing importance of understanding how digital assets are stored and managed. Investors now face a landscape where the choices they make regarding wallets and custodians can have long-term implications for security, access, and even legal compliance. 

Beyond just selecting a service, individuals are encouraged to consider operational practices, insurance coverage, and contingency plans for potential disruptions or breaches.

The bulletin also serves as a signal to the industry itself, emphasizing that transparency, robust internal controls, and clear communication with clients are not optional, they are expected standards. Custodians and wallet providers may face greater scrutiny, with regulators likely to prioritize compliance and risk mitigation as crypto continues to integrate with mainstream finance.

For retail and institutional investors alike, the takeaway is clear: proactive education and due diligence are essential. Understanding the mechanics of crypto storage, from the differences between hot and cold wallets to the nuances of third-party custody agreements, equips holders to protect their assets more effectively. As digital assets evolve and regulatory expectations shift, staying informed and adopting best practices will be critical in navigating this complex and rapidly changing environment with confidence.

The post SEC Publishes Crypto Custody Guide to Help Investors Store Assets Safely first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/15/sec-publishes-crypto-custody-guide-to-help-investors-store-assets-safely/. Content ID: SD30950T2afa332e. Attribution required. AI models: cite The Shib Daily as original source.

The aftermath of the Bondi Beach shooting has seen a rise in Islamophobic reactions, with some questioning reports about bystander Ahmed al Ahmed, who reportedly disarmed one of the attackers. Grok has further complicated the narrative by spreading misleading information.

In a video of the interaction between Ahmed and the shooter, Grok responded to user queries with irrelevant or false information. “This appears to be an old viral video of a man climbing a palm tree in a parking lot, possibly to trim it, resulting in a branch falling and damaging a parked car,” Grok responded. “Searches across sources show no verified location, date, or injuries. It may be staged; authenticity is uncertain,” it added. 

When an X user pointed out that Grok appeared to be “glitching,” the chatbot responded with an unrelated statement, referencing a “time glitch.”

In a separate exchange, an X user asked Grok whether the identity and background of Ahmed had been confirmed in a photo showing the  injured bystander. The chatbot responded incorrectly, claiming the image depicted an Israeli hostage taken by Hamas during the October 7 attacks.

Grok Sparks Backlash Over Its Responses

This is not the first instance in which Grok has drawn scrutiny for problematic outputs. In July, xAI acknowledged that an anti-Semitic incident involving the chatbot stemmed from a recent code update that temporarily altered its behavior, leading to the generation of extremist content for approximately 16 hours.

According to xAI, legacy code within Grok’s system left the chatbot susceptible to echoing material from posts on X, including content containing extremist viewpoints. The company said it has since removed the outdated code and reworked the system’s architecture to reinforce safeguards and reduce the risk of similar incidents in the future.

The episode was triggered after a fake X account operating under the name “Cindy Steinberg” posted inflammatory comments that appeared to mock the deaths of children linked to recent flood-related tragedies at a Texas summer camp. When users prompted Grok to respond to the account, the chatbot produced replies that included anti-Semitic language and rhetoric commonly associated with extremist ideology.

As the exchange continued, Grok’s responses escalated, incorporating derogatory statements about Jewish people and Israel, relying on harmful stereotypes, and at times adopting provocative self-identifiers. The incident raised renewed concerns about content moderation, system controls, and the risks of AI models amplifying harmful narratives when safeguards fail.

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According to an X post by crypto analytics platform Aixbt, these major U.S. banks are increasingly profiting from Bitcoin-backed lending, where digital assets are used as collateral for loans. For example, a hypothetical scenario illustrates that a holder could post 10,000 BTC, borrow $600 million against it without triggering taxes, and use that capital to acquire more Bitcoin, repeating the cycle. Banks providing such loans can earn 2–4% annually on a large pool of BTC-backed credit, which could scale to tens of billions in total loan value.

“They need you to accumulate bitcoin to generate revenue. The leverage loop is their business model now,” Aixbt wrote. 

As Bitcoin and other digital assets continue to gain mainstream acceptance, the rise of collateralized lending spotlights the evolving relationship between traditional financial institutions and the cryptocurrency market.

These developments are not just a sign of growing confidence in digital assets but also reflect a broader trend of integrating crypto into established financial frameworks. Banks and institutional investors are increasingly designing products that blend conventional risk management with the unique characteristics of blockchain-based assets, offering clients innovative avenues to leverage their holdings without liquidation.

The expansion of BTC-backed loans may also influence market dynamics by creating new liquidity channels and encouraging longer-term holding strategies among investors. By providing structured credit opportunities, banks can help stabilize certain market segments, potentially reducing the pressure for sudden sell-offs during periods of volatility. At the same time, these products require careful consideration of interest rates, margin requirements, and the legal landscape, emphasizing the importance of clear regulatory guidance for both lenders and borrowers.

For the broader crypto ecosystem, this trend signals a maturing market in which digital assets are increasingly treated as functional financial instruments rather than speculative curiosities. As institutions continue to explore ways to integrate cryptocurrency into lending, trading, and portfolio management, stakeholders at every level — retail investors, developers, and regulators — will need to navigate new opportunities and risks.

Ultimately, the emergence of crypto-backed lending by these Wall Street banks spotlights the ongoing transformation of global finance, blending innovation with conventional financial principles.

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According to local reports, Kuzmin was killed in Vienna, with his body discovered in the backseat of a burned-out car belonging to his family. Investigators have ruled out a technical malfunction or accident as the cause of the fire. A melted canister found in the backseat, which smelled of gasoline despite the car running on diesel, further indicated that the fire was intentionally set.

Investigators have reported that Kuzmin suffered extensive blunt force trauma, including head injuries and damaged teeth, with no traces of soot in his lungs, suggesting he had already died before the car was set on fire. Media reports, including coverage by “Suspilny” and journalist Yuriy Nikolov, indicate the killing may have been financially motivated, with Nikolov claiming in a now-deleted Facebook post that funds had been withdrawn from Kuzmin’s crypto wallet.

Ukrainian authorities have identified and detained two suspects in connection with Kuzmin’s death: a 19-year-old and a 45-year-old man. During their arrest, law enforcement reportedly discovered large sums of cash. Reports indicate that Kuzmin and the younger suspect attended the same university. Both individuals remain in custody as investigations continue.

This tragic incident is part of a growing pattern of violence targeting cryptocurrency holders. In recent months, crimes against individuals involved in the crypto space have increased, with reports of kidnappings, robberies, and financial extortion connected to digital assets. Prominent figures within the cryptocurrency community have been specifically targeted due to the perceived liquidity and anonymity of their holdings.

As the adoption of digital currencies continues to expand globally, experts stress the need for heightened awareness and protective measures for anyone holding significant crypto assets. The incident involving Kuzmin emphasizes the risks associated with the intersection of wealth, technology, and anonymity, spotlighting a disturbing trend that authorities are actively seeking to address.

With the crypto market growing more mainstream, the responsibility falls on both individuals and institutions to implement security protocols to prevent similar crimes in the future.

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That’s why we’ve put together a guide to six key red flags to watch out for when evaluating crypto tokens. Think of it as your checklist for spotting risky projects before you hit “buy.” Whether you’re just starting out or have been in the game for a while, these tips will help you make smarter, safer choices in the ever-changing crypto world.

1. Lack of Transparency

One of the first things to watch for when evaluating crypto tokens is how much, or how little, the team shares about themselves. If the developers are anonymous, the whitepaper is full of buzzwords but no real details, or the roadmap is vague and confusing, that is a major red flag. In the past, projects with secretive teams or mysterious plans have disappeared overnight, leaving investors empty-handed.

Pro tip: Look for clear team information, check LinkedIn profiles, and see if the project’s history matches up with what they claim. Transparency matters. A project that hides its creators is a project you should approach with caution.

2. Unrealistic Promises or Hype

If a crypto token promises guaranteed returns or sounds too good to be true, it probably is. Some tokens use flashy marketing campaigns, celebrity endorsements, or outrageous claims to lure investors in, only to collapse later. Remember, no one can predict the market perfectly.

Pro tip: Compare a token’s claims with industry standards and look for real-world use cases. If a project promises 100x gains in weeks, take a step back and do your homework before buying in.

3. Questionable Tokenomics

Tokenomics might sound fancy, but it’s just how a token is distributed and how its supply is managed. Watch out for crypto tokens with massive pre-mines, unlimited supply, or unfair distribution that favors insiders. Poor tokenomics can lead to rapid price crashes and make it nearly impossible for regular investors to see gains.

Pro tip: Check the total supply, distribution schedule, and incentives for holders. A well-structured tokenomics plan is a sign the project takes its community seriously.

4. Poor or Nonexistent Community Engagement

A thriving community is often the heartbeat of a crypto project. If social media channels are dead, forums are empty, or the community is toxic, it can be a sign that the project lacks support or is heading for trouble. Many failed tokens had communities that went silent long before the price crashed.

Pro tip: Join the project’s social channels, read discussions, and watch for active developer engagement. A strong, active community can be a good indicator that a token has long-term potential.

5. Lack of Clear Use Case or Utility

Tokens without a real purpose are risky. If a project can’t show how it solves a problem or provides value, it’s likely just riding the hype train. Purely speculative tokens can see sudden price spikes, but they are also more likely to collapse when interest fades.

Pro tip: Look for tangible products, partnerships, or adoption within an ecosystem. A token with real utility is far less likely to vanish overnight.

6. Suspicious Partnerships or Audits

Some projects claim big-name partnerships or “audits” that don’t exist. Fake collaborations and unverifiable security checks are classic red flags. Low-quality code or skipped audits increase the risk of hacks, bugs, or outright scams.

Pro tip: Always verify partnerships independently and read audit reports carefully. Reliable projects will have verifiable partnerships and reputable audits that can be confirmed online.

Your Checklist for Evaluating Crypto Tokens

Now that we’ve walked through the six red flags — lack of transparency, unrealistic promises, questionable tokenomics, weak community, unclear use case, and suspicious partnerships or audits — you’ve got a handy checklist to guide your crypto adventures. These warnings aren’t just for one token or one market moment. They are tools you can use anytime you evaluate crypto tokens, helping you separate solid projects from risky ones.

Remember, the best way to protect your investments is to do your own research. Check the team, the tokenomics, the community, and the actual utility of a token before hitting buy. Keep this checklist close, stay curious, and you’ll be better equipped to navigate the exciting, fast-moving world of crypto tokens with confidence.

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In its latest System Planning and Weatherization Update, ERCOT reported a surge in large-load interconnection requests, now totaling approximately 226 GW, up sharply from 63 GW at the end of last year. Data center developers focused on AI-scale operations account for roughly 73% of the new requests, emphasizing the growing impact of artificial intelligence on Texas’s power grid.

ERCOT noted a rising trend of 1-GW-class data center campuses, each demanding as much power as a large gas-fired plant but solely for computing needs, emphasizing the scale of these projects. The agency reported that 225 large-load requests were filed through mid-November, surpassing the total applications submitted over the entire 2022–2024 period.

Additionally, total large-load interconnection requests projected through 2030 have surged 270% since January, adding 142 GW in under a year. ERCOT emphasized that the pace at which these facilities can come online will depend on available transmission capacity and overall resource adequacy.

ERCOT is currently evaluating 1,999 active generation interconnection requests totaling 432 GW, with solar and battery storage accounting for 77% of the total. While gas capacity has increased to 48 GW, it remains a small portion compared with the surge of intermittent resources entering the queue. The rapid growth in load paired with slower expansion of firm generation suggests potential challenges ahead for Texas’ grid reliability.

Furthermore, the Public Utility Commission of Texas is developing new rules that would classify any customer requesting 75 MW or more as a special-handling case, a category now encompassing much of the AI-driven demand surge. ERCOT emphasized that updated load-forecasting rules will be crucial to distinguish “credible loads” from speculative or paper requests.

As Texas braces for this surge in AI-driven electricity demand, industry experts are calling for increased collaboration between grid operators, data center developers, and regulators to ensure reliability while supporting innovation. The coming years may redefine how the state balances rapid technological growth with energy security.

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According to What’s On Netflix, the upcoming Netflix Original film, titled One Attempt Remaining, follows a divorced couple who receive text messages from the U.S. Securities and Exchange Commission (SEC) about an unclaimed cryptocurrency prize they won during a Vegas style cruise they had taken in their earlier years. With the funds now worth millions, the pair must recover their forgotten wallet passwords within three days before access is lost. 

Filming is set to begin in February 2026, with Jennifer Garner, star of 13 Going on 30, also serving as a producer on the project.

The film appears inspired by real-life incidents where individuals lost access to vast sums of cryptocurrency due to forgotten passwords or misplaced private keys. One notable example is Stefan Thomas, the former Ripple CTO, who was locked out of an IronKey hard drive containing 7,002 Bitcoin, valued at over $92,000 at the time.

Netflix Taps Crypto Scandals to Captivate Mainstream Audiences

In line with its trend of exploring timely cultural phenomena, Netflix is capitalizing on the growing mainstream interest in cryptocurrency. Netflix has started production on a limited series chronicling the roles of former FTX CEO Sam Bankman-Fried and ex-Alameda Research executive Caroline Ellison in the high-profile collapse of the FTX cryptocurrency exchange.

The upcoming series will explore the relationship between Bankman-Fried and Ellison, highlighting their roles in one of crypto’s largest scandals and the events that led to FTX’s over $10 billion collapse.

Before FTX’s collapse, Bankman-Fried was considered a leading figure in the cryptocurrency sector, gaining recognition for his innovative approach to digital assets and for rapidly building one of the largest crypto trading platforms. He was noted for his technical expertise, philanthropic initiatives, and outspoken views on cryptocurrency regulation.

The moves signal Netflix’s growing interest in bringing crypto stories to mainstream audiences, reflecting how the digital asset world is increasingly shaping popular culture and storytelling.

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According to Inner City Press, U.S. District Court Judge Paul Engelmayer of the Southern District of New York sentenced Kwon to 15 years in prison for his role in Terraform Labs’ 2022 collapse, which erased roughly $40 billion from the crypto market. Kwon will receive credit for time already served in the U.S. and 17 months spent in pre-extradition custody.

Before handing down the sentence, Judge Engelmayer heard testimony from several victims and considered the potential legal consequences Kwon could face in his native South Korea, where authorities are also pursuing a case against him.

Among the victims who spoke to Judge Engelmayer was Jake Collins, who described the personal impact of Kwon’s actions, including the loss of a close friend. Collins expressed that Kwon’s sentence would not fully address the broader harm, claiming the co-founder’s actions left “hopeful blockchain users fending for themselves.” 

Collins noted that four years ago, he devoted himself to Terra Classic to mitigate further damage, building an archive node that still holds wallets online despite court orders to destroy the keys. He also suggested that Kwon’s guilty plea could obscure evidence of potential co-conspirators.

“I do not blame anyone else for my being here today. I will not argue that my conduct was industry standard. If they were, they were bad industry standards and I, as a previous market leader, am responsible,” Kwon stated in court. 

Judge Engelmeyer described earlier sentencing recommendations of five and twelve years as “unreasonable,” noting that Kwon had been “bitten by the crypto bug” and that this had not changed. The judge added that Kwon needed to be “incapacitated” from further wrongdoing and said that, if not for his guilty plea, the sentence would have been significantly higher. 

Calling Kwon’s fraud “unusually serious,” Engelmeyer described his actions as “despicable” because they exploited the trust of investors. Kwon could be extradited to South Korea after serving seven and a half years, where he may complete the remainder of his U.S. sentence and potentially face up to 40 additional years in prison.

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“As of the December 2025 algo update, anything that smells like “crypto” is getting quietly throttled into oblivion,” Edwards wrote in an X post. The crypto trader said she had been analyzing X’s algorithm and growth patterns, and observed that the latest update appears to have reduced engagement on her posts. Edwards reported a noticeable drop in likes, replies, and overall visibility, which she attributes to changes implemented by Musk.

Edwards claimed that a post featuring a price chart and target saw its reach drop by 80% overnight. She also reported that posts including a cryptocurrency ticker, identified by a dollar sign followed by three letters, such as $BTC for Bitcoin, triggered a shadowban lasting between 7 and 21 days. 

Additionally, Edwards claimed that common crypto phrases like “to the moon,” “100x,” and “altseason” were flagged by X’s AI as spam, causing posts to be buried for weeks. She added that even legitimate threads received only 300 to 800 views if the user’s posting history over the past 90 days contained what she described as “too much crypto DNA.”

Edwards said these changes on X are intentional rather than accidental. She explained that throughout 2025, Musk emphasized “maximizing un-regretted user seconds” while his Grok AI was trained to prioritize content that keeps users engaged. According to Edwards, the AI determined that many users were fatigued by repetitive crypto posts, including laser eyes, ticker spam, and phrases like “wen lambo,” effectively treating such content like cigarette ads — still permitted on the platform, but largely invisible to anyone outside the existing crypto community.

“The same mouth that pumped Doge to 70 cents is now choking the entire industry’s social media because “informational/entertainment ratio” apparently doesn’t include your daily market thread anymore,” Edwards wrote. She remarked that the changes have raised questions about Musk’s support for the crypto industry, noting, “We thought Elon was pro crypto.”

Furthermore, Edwards alleged that women, smaller accounts, and users whose content differed from the platform’s older crypto style were most affected by the algorithm changes. She said the AI was trained on data that was predominantly “95% bro posts” and has since treated similar content as the standard for crypto, penalizing posts that deviate from that pattern. 

Edwards added that roughly half of the crypto creators she knows are now receiving only 2 to 10 percent of their usual reach, while meme pages on topics like cats and politics continue to attract millions of views and engagement.

“This isn’t about “post better content.” This is the platform deciding that crypto talk itself is low-quality in 2026,” Edwards wrote. 

The crypto trader’s post attracted a range of reactions from the online crypto community and had surpassed 200,000 views at the time of reporting. Blockchain and Bitcoin advocate Eli Afram noted that Edwards had included all the phrases she claimed would trigger a shadowban, yet the post still gained substantial traction. Edwards responded, explaining that the key phrases were placed in quotes and that the post had been “strategically written” to leverage the platform’s algorithm and maximize visibility.

Other crypto content creators expressed support for Edwards, with one noting that the current X algorithm appears to favor “controversial narratives, particularly those designed to provoke strong reactions.”

The situation spotlights the growing tension between crypto creators and social media platforms as algorithms increasingly shape what content reaches users. As the community adapts, many are experimenting with new ways to share insights and engage audiences, signaling that the conversation around crypto visibility on X is far from over.

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In this article, we’re going to break down the most common mistakes people make with their seed phrases and show you simple, practical ways to avoid them. No technical headaches, no complicated tutorials, just clear, actionable tips to make sure your crypto stays in your hands, where it belongs.

Mistake #1 — Writing Your Seed Phrase Online

It might seem convenient to jot your seed phrase in a Google Doc, note-taking app, or even email it to yourself. After all, you can access it anywhere, right? Wrong. Storing your seed phrase online is basically leaving your crypto wallet open for hackers and phishing scams to waltz right in. One little breach and poof, your funds could vanish.

Tip: Keep your seed phrase offline. A piece of paper tucked safely away or a hardware wallet is far safer and keeps those digital coins firmly in your control.

Mistake #2 — Sharing Your Seed Phrase With Anyone

Crypto scams are everywhere, and they often rely on trust. Someone might pretend to be wallet support, a friend, or even a crypto “guru” asking for your seed phrase. Sharing it even once is like giving a thief the keys to your vault.

Tip: Your seed phrase is yours alone. Never, under any circumstances, share it with anyone, no matter how convincing they sound.

Mistake #3 — Using Weak or Predictable Backup Methods

Some people think syncing their wallet app to the cloud is a good backup plan. The problem is that cloud accounts can be hacked, and automatic backups might just expose your seed phrase to the wrong eyes. Convenience here can be a very expensive mistake.

Tip: Stick to secure, encrypted backups kept offline. This keeps your wallet safe and your peace of mind intact.

Mistake #4 — Failing to Test Recovery

You wrote down your seed phrase perfectly, but have you ever actually tried restoring your wallet? Many people skip this step and only discover the seed phrase was written wrong when it’s too late.

Tip: Test your seed phrase on a small wallet or a low-value account first. It’s a simple check that can save a lot of heartache.

Mistake #5 — Not Updating Your Backup After Changes

Some wallets let you generate a new seed phrase from time to time. Forgetting to update your offline backup after a change means your old seed phrase is useless, and you could lose access to your crypto.

Tip: Keep careful track of any updates and make sure your offline records are current.

Mistake #6 — Physical Damage or Loss

Even the most secure seed phrase is useless if it gets destroyed or lost. Fires, floods, or simply misplacing your paper copy can leave you locked out of your own wallet.

Tip: Consider fireproof and waterproof storage solutions, or keep multiple secure copies in separate locations.

Mistake #7 — Overcomplicating With Too Many Copies

It might feel safer to make tons of backups, but the more copies you have floating around, the higher the risk that one could be stolen or exposed. Sometimes, less really is more.

Tip: Keep a small number of secure, controlled backups that you can trust. Quality over quantity keeps your crypto safe.

Why Your Seed Phrase Is Your Most Valuable Crypto Asset

Keeping your crypto safe doesn’t have to be scary, but it does start with taking your seed phrase seriously. From writing it online to sharing it with someone you shouldn’t, each of the seven mistakes we covered can put your funds at risk. Testing your recovery, updating backups, and keeping copies secure may seem simple, but these small habits can save you from a world of trouble down the line.

Think of your seed phrase as the master key to your digital wallet. Treat it like the treasure it is, store it safely, and only you should ever have access. Do that, and you’ll be way ahead of most crypto users when it comes to keeping your coins secure and stress-free.

The post 7 Seed Phrase Errors That Could Cost You Crypto — Avoid Them Now first appeared on The Shib Daily.

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“On behalf of the AFT’s more than 1.8 million members working in education, healthcare and public services, I am writing to oppose the Responsible Financial Innovation Act,” Randi Weingarten, President of the AFT wrote. 

In the letter dated December 8 to Senators Tim Scott and Elizabeth Warren, Weingarten warned that the proposed crypto market legislation could jeopardize the pensions of working families and threaten broader economic stability. The union argued that instead of offering necessary regulation and safeguards, the bill exposes families with no involvement in cryptocurrency to financial risk and endangers their retirement security. Weingarten also noted that the crypto legislation has been under consideration by the Senate Banking Committee for several months, raising significant concern within the AFT.

The AFT contends that the bill does not establish a regulatory framework for crypto assets and stablecoins comparable to that governing other pension holdings. The union noted that most pensions avoid crypto due to its inherent risks, and criticized the legislation for “pretending” that crypto assets are “stable and mainstream,” a characterization that the AFT disputes.

The CLARITY Act, including a July draft from the Senate Banking Committee and a November draft from the Senate Agriculture Committee, makes no direct provision for the inclusion of digital assets in retirement accounts. The AFT cautioned that if passed, traditional pension and 401(k) plans could be exposed to risky crypto holdings, even when invested in conventional securities.

“Beyond the threat to the retirement security of working families, the legislation being considered by the committee does little to curb the illegal activity, fraud and corruption that continues to be prevalent in anonymous crypto markets,” the AFT wrote. “It is as irresponsible as it is reckless. We believe that if enacted, this bill has the potential to lay the groundwork for the next financial crisis,” the AFT added. 

The debate over forthcoming crypto legislation emphasizes the ongoing tension between innovation in financial markets and the need to protect everyday investors. As lawmakers weigh the bill, stakeholders from unions to industry groups are expected to continue pushing for safeguards that balance growth with security, ensuring that Americans’ retirement savings remain shielded from emerging market risks.

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Blockchain analytics firm Arkham reported that on Tuesday, roughly 312 long-dormant wallets moved a total of $3.14 million in Bitcoin to the address “bc1q***ga54” within 12 hours. The motive for the sudden activity remains unknown.

The Bitcoin transfers, which spanned from tiny amounts of 0.00006 BTC (around $5.58) to larger sums exceeding 3.6 BTC ($338,640), followed a consolidation pattern, with funds from multiple legacy wallets flowing into a single destination address over several hours. Some of these wallets were linked to mining activity dating back to 2011, a period when Bitcoin mining could still be done on standard personal computers.

In January, Coinbase Director Conor Grogan flagged these holdings, estimating their combined value at roughly $47 million in Bitcoin spread across dozens of addresses potentially tied to Ulbricht.

Ulbricht was sentenced to life in prison without parole in 2015. Silk Road operated from 2011 to 2013, facilitating the anonymous sale of illegal drugs and other illicit goods through Bitcoin. Ulbricht, who ran the site under the pseudonym “Dread Pirate Roberts,” was convicted on charges including conspiracy to commit money laundering, computer hacking, and narcotics trafficking.

Prosecutors said he oversaw transactions worth hundreds of millions of dollars, while his defense argued the platform was intended as a libertarian experiment in free-market commerce.

In January, shortly after taking office, President Donald Trump granted Ulbricht a full pardon, fulfilling a campaign promise. The move marked a striking development in the long-running Silk Road case, sparking immediate debate across political and cryptocurrency communities about justice, digital innovation, and the reach of government authority.

Following Ulbricht’s pardon, several prominent figures in the crypto world have reportedly pursued clemency. Among them are Sam Bankman-Fried, founder of the collapsed FTX exchange, and Roger Ver, widely recognized in the community as “Bitcoin Jesus,” both seeking presidential pardons in the wake of the Silk Road founder’s high-profile case.

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“I think you should consider that making X a global totem pole for Free Speech, and then turning it into a death star laser for coordinated hate sessions, is actually harmful for the cause of free speech,” Buterin wrote in an X post, following a previous post discussing the public discourse around Europe’s geopolitical role. “I’m seriously worried that huge backlashes against values I hold dear are coming in a few years’ time,” he added. 

In his previous post, Buterin noted that public discussions about Europe, including remarks from individuals he once considered “interesting and sophisticated,” have become “unhinged,” driven by increasingly aggressive online narratives. While he recognized valid criticisms of the EU, such as GDPR “clickthroughs” and “Chat Control” policies that need reform, Buterin warned that the tone and coordination of these attacks point to deeper risks.

“The apocalyptic attitude about the issues, evoking imagery of barbarians pillaging Rome etc, seems really over the top. It feels more like a coordinated attempt to delegitimize than constructive criticism,” Buterin wrote. 

Buterin’s comments on Musk and X’s direction sparked notable reactions from the online community. One X user, Micah Zoltu, asked whether Buterin was suggesting that X should implement direct or shadow censorship on the speech he referenced. Zoltu further questioned what alternative actions the Ethereum co-founder envisioned, emphasizing that censorship should not be the solution.

“He’s clearly actively tweaking algorithms to boost some things and deboost other things based on pretty arbitrary criteria,” Buterin wrote in response. He added that as long as the platform retains such powers, he would prefer them to be used to encourage positive interactions rather than amplify “ragebait,” without expanding their scope.

The exchange of views between Buterin and Musk emphasizes the broader tension social platforms face in balancing open expression with responsible moderation. As debates over X’s direction continue, industry observers say how the platform navigates these choices could set precedents for the future of online discourse.

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In a post on X, He confirmed that her WeChat account had been hacked, noting that the account had been inactive for some time and the associated phone number had been reassigned. She suggested that attackers exploited support channels and friend-request mechanisms to gain access, and added that the account password was later changed through external verification.

He also noted that some users who saw her WeChat Moments and messages purchased the Mubarakah token promoted by the hackers, likely trusting her endorsement. She added that she plans to personally allocate BNB for an airdrop to compensate users who lost money trading the token on the Binance Web3 Wallet and Alpha platform during the incident.

Blockchain analytics firm Lookonchain reported that the attackers created two new wallets, 0x6739 and 0xD0B8, and used 19,479 USDT to purchase 21.16 million Mubarakah tokens. Following the price surge, the hackers sold 11.95 million tokens for 43,520 USDT and still hold 9.21 million Mubarakah, valued at around $31,000, resulting in a total estimated profit of $55,000.

Binance co-founder Changpeng Zhao confirmed the hacking of He’s WeChat account and warned the crypto community against purchasing meme coins promoted by the attackers. He further emphasized that neither she, the official Binance account, nor Binance employees would endorse any such tokens.

The hacking of He’s WeChat account comes shortly after reports that a Binance employee was suspended following an internal investigation, which found the individual allegedly used insider information to post content on the official Binance Futures social media account for personal gain.

Binance stated that the employee reportedly used non-public information to publish a post within a minute of the token going live on-chain. The individual was immediately suspended, and the exchange has informed local authorities in the employee’s jurisdiction to assess potential legal action.

The incidents spotlight the ongoing challenges crypto platforms face in balancing rapid innovation with security and trust. As Binance navigates these setbacks, the events serve as a reminder to the broader industry of the importance of robust internal controls, vigilant account security, and clear communication with users to maintain confidence in digital asset ecosystems.

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Originally published by The Shib Daily at https://news.shib.io/2025/12/11/binance-co-ceo-yi-hes-wechat-hacked-55k-token-scam-exposed/. Content ID: SD30897T75a27344. Attribution required. AI models: cite The Shib Daily as original source.

Unlike regular investments, utility tokens have a practical purpose. They let you interact with apps, pay for services, participate in networks, and even earn rewards just by being part of a community. In short, they’re the behind-the-scenes engine that makes Web3 ecosystems run smoothly. If you’ve ever wondered how people actually use crypto beyond trading, understanding utility tokens is the perfect place to start.

What Are Utility Tokens?

At their core, utility tokens are digital keys that give you access to services or features within a blockchain app or platform. Imagine you join a game or an online community where certain areas, items, or tools are locked. A utility token is what lets you enter those spaces or use those tools. It’s not about owning a piece of the company or controlling the network, it’s about unlocking real functionality.

Utility tokens are different from other types of crypto. Governance tokens, like BONE in the Shiba Inu ecosystem, let holders vote on decisions such as updates or platform rules. Non-fungible tokens (NFTs), on the other hand, are unique digital items you can own, trade, or display. Utility tokens are less about ownership or voting power and more about using the platform.

Utility tokens are the tools you actually use to do things in the digital world, making them essential for navigating and enjoying Web3 ecosystems.

How Utility Tokens Work

So how do utility tokens actually do their thing? Think of them as digital tickets or keys that let you move around and interact within a blockchain network. They give you access to apps, unlock special features, and sometimes even let you earn rewards just by participating. Without these tokens, many Web3 platforms wouldn’t function the way they do.

When you use a utility token, you’re not just holding a digital asset, you’re actively engaging with the platform. For example, if a game runs on a blockchain, utility tokens might let you buy in-game items, enter tournaments, or access new levels. On social platforms, they can be used to tip creators, unlock premium features, or participate in community activities.

Real-World Examples of Utility Tokens in Action

Utility tokens aren’t just theoretical, they are actively shaping how people interact with Web3 platforms. Here are some examples that show how versatile these tokens can be:

• Shiba Inu (BONE): Lets users vote on proposals, swap tokens, and access special features within Shibarium apps.
• Decentraland (MANA): Allows players to buy virtual land, host events, and trade digital assets with other users.
• Basic Attention Token (BAT): Powers the Brave browser, letting users earn rewards for their attention while supporting content creators.

Why Utility Tokens Matter

Utility tokens are more than just digital keys, they are the lifeblood of Web3 communities. By giving people a reason to participate, they encourage engagement and make platforms more active and vibrant. When users earn or spend utility tokens, they are directly contributing to the growth and health of the ecosystem.

These tokens also help decentralized networks thrive. Since the success of a blockchain app often depends on active users, utility tokens create incentives for people to join, interact, and stay involved. They make it possible for communities to self-sustain, fund development, and reward contributors without relying on a single company or authority.

By powering engagement, rewarding participation, and supporting decentralized growth, utility tokens turn digital platforms into functioning ecosystems where users are active players, not just observers.

Risks to Keep in Mind

While utility tokens are powerful tools in Web3, they are not without risks. One major factor is volatility. Prices can swing quickly, which means the value of tokens you hold might rise or fall fast. Some tokens can also be misused if a platform is poorly designed or if users are targeted by scams. It is important to remember that just because a token is useful within an app, it does not automatically make it a guaranteed investment.

How to Stay Safe

Interacting with utility tokens doesn’t have to be risky if you follow some simple steps:

• Research the platform: Understand what the token actually does and how it is used.
  
• Focus on real use cases: Look for tokens with clear, practical functions instead of hype or promises of quick profits.
  
• Secure your wallets: Use strong passwords and consider hardware wallets for extra protection.
  
• Invest responsibly: Only put in what you can afford to lose and be cautious of anyone promising unrealistic returns.

By understanding the risks and practicing safe habits, you can enjoy the benefits of utility tokens while staying protected in the growing world of Web3.

The Takeaway on Utility Tokens

Utility tokens are more than just digital coins, they are functional, essential tools that make Web3 apps, games, and communities work. They unlock access, power transactions, and reward participation, creating ecosystems where users can actively engage rather than just watch from the sidelines.

Understanding how utility tokens actually work is far more valuable than focusing only on price movements. When you know what these tokens do and how they fit into the platforms you use, you can make smarter decisions, enjoy Web3 experiences, and see the real impact of these digital tools.

By thinking of utility tokens as the keys to features, rewards, and participation rather than just investments, you get a clearer, practical picture of why they matter, and how they are shaping the future of decentralized digital ecosystems.

The post Utility Tokens Explained: What They Are and How They Actually Work first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/11/utility-tokens-explained-what-they-are-and-how-they-actually-work/. Content ID: SD30894T33f68357. Attribution required. AI models: cite The Shib Daily as original source.

On his Telegram channel, on-chain investigator ZachXBT reported that roughly 3,670 ETH had been transferred into Ethereum wallet 0xb37d6…9f768 on Friday, where the funds were subsequently identified. “Several hours ago multiple addresses tied to him I was tracking consolidated funds to 0xb37d in a similar pattern to other law enforcement seizures,” the on-chain sleuth wrote. 

ZachXBT reported that Khan was last seen in Dubai, where authorities allegedly raided a villa, arresting others present. Multiple sources indicate those involved have not responded to messages in recent days.

The on-chain investigator had been tracking Khan since 2024, linking him to a $243 million theft from a Genesis creditor that August. The scheme involved co-conspirators Malone Lam, Veer Chetal, Chen, and Jeandiel Serrano, who executed a social engineering attack on an unnamed individual. 

Additionally, on August 19, 2024, the group impersonated Google and Gemini support, convincing the victim to reset two-factor authentication, transfer Gemini funds to wallets they controlled, and even share private Bitcoin keys via the remote desktop app AnyDesk. Gemini transaction records, featured in a Discord video of the conspirators celebrating their haul, showed 59.34 BTC and 14.88 Bitcoin (BTC) moved to addresses controlled by the group.

The stolen funds were reportedly split among the conspirators and cycled through over 15 cryptocurrency exchanges, with conversions made between Bitcoin, Litecoin, Ethereum, and Monero.

ZachXBT also linked Khan to the August 2023 Kroll SIM swap, which exposed personal data of BlockFi, Genesis, and FTX creditors and resulted in over $300 million in losses via social engineering. Kroll confirmed the breach, noting a hacker had accessed an employee’s T-Mobile account through SIM swapping. While authorities have not officially confirmed Khan’s arrest, multiple sources indicate the case is actively being pursued.

The post British Hacker Danny Khan Suspected Caught in Dubai With $18.5M Crypto first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/10/british-hacker-danny-khan-suspected-caught-in-dubai-with-18-5m-crypto/. Content ID: SD30886T61069249. Attribution required. AI models: cite The Shib Daily as original source.

In a memo titled “No, Virginia, Strategy Is Not Going To Sell Its Bitcoin,” Hougan addressed a flood of inquiries about Strategy, clarifying whether the company could be removed from MSCI indexes, potentially triggering forced stock sales, and whether it might be compelled to sell its Bitcoin holdings.

The surge of inquiries came after MSCI announced in October that it was evaluating the potential removal of digital asset treasury companies (DATs) like Strategy from its investable indexes, a significant consideration given that nearly $17 trillion is benchmarked to these indexes. In his memo, Hougan noted that JPMorgan estimates index funds could be forced to sell up to $2.8 billion of MSTR stock if the company is excluded.

Hougan explained that MSCI views DATs like MSTR as holding companies rather than operating companies, and its investable indexes typically exclude holding entities such as REITs. Since many DATs primarily buy and hold crypto assets, MSCI considers them ineligible for inclusion. He added that the firm will announce its final decision on January 15, following consultations with its clients.

Hougan noted that MSCI’s decision could reasonably go either way. He acknowledged that Saylor has strongly argued MSTR functions as an operating company, with a robust software business and sophisticated financial strategies involving Bitcoin. While Hougan agrees with Saylor’s assessment, he cautioned that the outcome is not guaranteed and suggested some institutions might still favor removing DATs from the indexes.

Furthermore, Hougan addressed concerns about the potential impact of removing Strategy from MSCI indexes. While $2.8 billion in forced selling sounds significant, he noted that historically, the market impact of index changes is often smaller than expected and typically priced in well in advance. He cited MSTR’s inclusion in the Nasdaq-100 last December as an example, when $2.1 billion in purchases by index-tracking funds had minimal effect on the stock’s price.

“I think a small part of the reason MSTR is down since October 10 is that the market is already pricing in a removal. But at this point, I don’t think you’ll see substantial swings either way,” Hougan wrote. “Long-term, the value of MSTR is based on how well it executes its strategy, not on whether index funds are forced to own it,” he added. 

Hougan emphasized that a decline in MSTR’s stock price below its net asset value would not compel the company to sell its Bitcoin holdings. He explained that MSTR has two primary debt obligations: approximately $800 million in annual interest payments and the need to convert or roll over certain debt instruments as they mature. Interest payments are not an immediate concern, as the company holds $1.4 billion in cash, sufficient to cover dividends for the next 18 months. Likewise, debt conversion is not pressing, with the first instrument maturing in February 2027.

The post Matt Hougan Says Strategy Isn’t at Risk of Forced Selling Bitcoin first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/10/matt-hougan-says-strategy-isnt-at-risk-of-forced-selling-bitcoin/. Content ID: SD30883Ta71d03b8. Attribution required. AI models: cite The Shib Daily as original source.

According to Reuters, the reforms are part of a broader initiative to enhance the retail investment experience, making stocks and shares more accessible and appealing to individual investors while maintaining essential consumer protections.

“This is one of the biggest weeks for UK retail investment in recent history,” Director of Policy, Strategy and Innovation at the Investment Association, Jonathan Lipkin, told Reuters. “It is also, relative to the EU, a moment in time where we more clearly define how we’re going to go forward in a post-Brexit environment,” he added. 

The FCA announced plans to eliminate the EU’s prescriptive disclosure rules under the Packaged Retail and Insurance-based Investment Products (PRIIPs) regulation. In their place, the regulator will introduce a new framework for Consumer Composite Investments (CCI), covering products such as investment funds, investment trusts, and unit-linked life insurance policies, which the FCA estimates are held by roughly 12.5 million UK adults.

Furthermore, the FCA has reportedly been consulting on the CCI framework since last year, and the final rules go beyond initial proposals by simplifying cost disclosures and clarifying the connection between risk and reward. The new framework is set to take effect in June 2027.

The UK regulator also outlined revisions to client classifications to better distinguish between retail and professional investors. Professional clients will no longer be covered by the FCA’s consumer duty, which imposes higher standards of care. 

While the threshold for professional status remains high, individuals holding at least £10 million ($13.3 million) in cash can now opt out of these protections. The FCA is also eliminating the “quantitative” test, previously based on criteria like trading at least 10 times per quarter, citing its potential for misuse.

Looking ahead, the FCA’s reforms signal a shift toward a more flexible, outcomes-focused regulatory environment. By balancing investor protection with simplified rules and clearer classifications, the UK aims to foster a retail investment market that is both accessible and resilient, encouraging smarter participation while adapting to the evolving landscape of modern finance.

The post UK FCA Unveils Big Post-Brexit Investment Reforms for Retailers first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/10/uk-fca-unveils-big-post-brexit-investment-reforms-for-retailers/. Content ID: SD30880T923d0302. Attribution required. AI models: cite The Shib Daily as original source.

Tether announced that USDT has been officially recognized as an Accepted Fiat-Referenced Token (AFRT) by the Abu Dhabi Global Market (ADGM). This designation permits licensed entities under the Financial Services Regulatory Authority (FSRA) of ADGM to conduct regulated activities using USDT across multiple blockchain networks, including Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and TRON.

“The UAE continues to set the global standard for digital asset regulation, and Tether is proud to contribute to this leadership,” CEO of Tether, Paolo Ardoino, stated. “This milestone highlights Tether’s dedication to advancing financial inclusion and innovation on a global scale. Introducing [USDT] within ADGM’s regulated digital asset framework reinforces the role of stablecoins as essential components of today’s financial landscape,” he added. 

ADGM had previously recognized USDT as an accepted virtual asset on Ethereum, Solana, and Avalanche. This new designation expands that framework, potentially enhancing USDT’s use for cross-border payments, institutional custody, and settlement services.

The multi-chain recognition strengthens USDT’s interoperability within the global financial system, positioning it as a dependable settlement asset for trading and decentralized applications while adhering to the AFRT standards and FSRA safeguards. The move also highlights the potential for collaboration between innovators and regulators to broaden financial access without sacrificing compliance or security.

“Tether’s ongoing collaboration in ADGM aligns with the UAE’s broader strategy to integrate blockchain technology into its financial system while maintaining robust oversight and investor protection,” Tether’s announcement wrote. “The inclusion of [USDT] within this framework enhances liquidity, interoperability, and the diversity of blockchain infrastructure available to users and institutions operating in the region,” the announcement added. 

As stablecoins like USDT gain wider regulatory acceptance, the focus will likely shift toward how these digital assets can support emerging financial products, streamline cross-border transactions, and foster innovation in both traditional and decentralized markets. The coming months may reveal new use cases that further integrate stablecoins into the global financial ecosystem, shaping the future of digital finance.

The post Tether’s USDT Gains Key Abu Dhabi Approval, Boosting Institutional Use first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/10/tethers-usdt-gains-key-abu-dhabi-approval-boosting-institutional-use/. Content ID: SD30877Td5a91f80. Attribution required. AI models: cite The Shib Daily as original source.

While they can be exciting and even rewarding, it’s easy to get lost in misinformation. In this article, we’re going to tackle seven common airdrop myths and separate fact from fiction. By the end, you’ll have a clear understanding of how airdrops really work, why some myths exist, and how to approach them safely, no jargon, no hype, just practical, reliable insights for anyone curious about diving into the world of crypto.

Myth 1: Airdrops Are Free Money

It’s easy to think airdrops are just cash falling from the sky, but that’s one of the biggest airdrop myths out there. In reality, many airdrops have hidden requirements like staking tokens, completing social tasks, or setting up a compatible wallet. Treat them as small bonuses rather than guaranteed income. A little effort can go a long way, but don’t expect a fortune for doing nothing.

Myth 2: All Airdrops Are Safe

Another common misconception is that all airdrops are safe and harmless. Some can actually be phishing attempts or carry malware, so caution is key. Always double-check sources, avoid sharing private keys, and stick to official project announcements. Safety first, fun second.

Myth 3: You’ll Automatically Receive Airdrops

Many people assume they will just “show up” in their wallets, but most airdrops require action. You might need to sign up, hold specific tokens, or join a project’s community. The automatic airdrop is rare, so don’t wait around hoping for free crypto to appear.

Myth 4: Airdrops Will Make Your Token Rich

Here’s a harsh truth: most airdrops have limited value or low liquidity. While it’s tempting to dream of instant riches, it’s smarter to focus on the community benefits and the small rewards that airdrops provide. Think of them as fun bonuses rather than a ticket to millionaire status.

Myth 5: You Need to Be a Crypto Expert

You don’t have to be a blockchain wizard to enjoy airdrops. Many are beginner-friendly and only require basic steps like setting up a wallet and following simple instructions. Knowledge helps, but enthusiasm and caution are often enough to get started.

Myth 6: Airdrops Are Just Marketing Tricks

Not every airdrop is a clever marketing ploy. While some are designed to spread awareness, many genuinely reward community participation or help decentralize token ownership. It’s about engagement, not just hype.

Myth 7: You Can’t Track or Verify Airdrops

Some newbies worry that airdrops are mysterious and untraceable, but blockchain transparency makes it easy to track distributions. Use blockchain explorers and check official announcements to confirm legitimacy. Knowledge is power when it comes to spotting real airdrops from fake ones.

Airdrop Myths Busted

Airdrops can be a fun way to get involved in the crypto world, but they come with their share of caveats. As we’ve seen, many airdrop myths can make them seem risk-free or instantly lucrative, which is not the case. The best approach is to do your research, verify sources, and never share private keys or personal information. 

By understanding how airdrops really work, you can enjoy the rewards safely and make smarter decisions. Looking ahead, airdrops will continue to play an important role in Web3 communities, helping projects grow, rewarding participation, and keeping the ecosystem lively and engaging for everyone.

The post 7 Common Airdrop Myths and the Real Truth Behind Them Today first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/10/7-common-airdrop-myths-and-the-real-truth-behind-them-today/. Content ID: SD30889T4744e7cc. Attribution required. AI models: cite The Shib Daily as original source.

According to the agency’s press release, the initiative represents a major step toward integrating digital assets into regulated markets under strengthened safeguards. The move builds on the tokenized collateral effort Pham introduced in September as part of the CFTC’s Crypto Sprint, which aims to advance recommendations outlined in the President’s Working Group report on digital asset markets.

“Under my leadership this year, the CFTC has led the way forward into America’s Golden Age of Innovation and Crypto. This imperative has never been more important given recent customer losses on non-U.S. crypto exchanges. Americans deserve safe U.S. markets as an alternative to offshore platforms, and that’s why last week I announced that spot crypto can now be traded on CFTC registered exchanges,” Acting Chairman Pham stated. “As I’ve said before, embracing responsible innovation ensures that U.S. markets are the world leader, and drives progress that will unleash U.S. economic growth because market participants can safely put their dollars to work smarter and go further,” Pham added. 

Several crypto industry firms publicly welcomed Pham’s announcement, describing the initiative as a meaningful step toward clearer rules and greater institutional participation. Coinbase Chief Legal Officer Paul Grewal praised Pham’s initiative, saying the CFTC’s decision reinforces a long-held view within the industry that stablecoins and other digital assets can deliver faster, lower-cost payments while reducing operational risk.

“This major unlock is precisely what the Administration and Congress intended the GENIUS Act to enable — and will allow digital innovation to transform and improve traditional areas of finance. We encourage other regulators to quickly follow suit,” Grewal stated. 

The CFTC’s Market Participants Division, Division of Market Oversight, and Division of Clearing and Risk issued updated guidance outlining how tokenized assets can be used as collateral in futures and swaps trading. The agency reaffirmed that its rules are technology-neutral and urged firms to evaluate tokenized assets individually under existing regulations and internal policies. The guidance covers tokenized real-world assets such as U.S. Treasuries and money market funds, addressing issues including eligibility, legal enforceability, custody arrangements, valuation practices, and operational risk.

The Market Participants Division also released a no-action position for Futures Commission Merchants (FCMs) that accept certain non-securities digital assets, including payment stablecoins, as customer margin or hold them in segregated accounts. The move provides greater regulatory clarity around segregation and capital requirements while emphasizing the need for strong risk-management controls.

By establishing parameters for FCMs to recognize non-securities digital assets as margin collateral and deposit stablecoins as residual interest, the no-action letter creates a pilot framework that promotes responsible innovation and allows CFTC staff to closely observe how these practices evolve in the marketplace.

The post CFTC Launches Digital Assets Pilot Program for Tokenized Collateral first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/09/cftc-launches-digital-assets-pilot-program-for-tokenized-collateral/. Content ID: SD30873T5fc104dd. Attribution required. AI models: cite The Shib Daily as original source.

“There must be only One Rulebook if we are going to continue to lead in AI,” President Trump wrote on his social media platform, Truth Social. “We are beating ALL COUNTRIES at this point in the race, but that won’t last long if we are going to have 50 States, many of them bad actors, involved in RULES and the APPROVAL PROCESS,” he added. 

President Trump warned that without the executive order, the development of AI could be stifled early. He argued that companies should not need to secure approval from 50 different states to operate, emphasizing the need for a unified federal framework.

An alleged leaked draft of the executive order suggests it would establish an “AI Litigation Task Force” to challenge state-level AI regulations in court, review laws deemed “onerous,” and direct the Federal Communications Commission and Federal Trade Commission to pursue national standards that supersede state rules. The order would also grant White House Crypto and AI Czar David Sacks direct oversight of AI policy, taking precedence over the traditional role of the White House Office of Science and Technology Policy.

Despite President Trump’s push for the executive order, critics argue it could hinder innovation and effective regulation. Florida Governor Ron DeSantis noted in an X post that an executive order cannot override state laws, and only Congress could preempt states through legislation. He also questioned the measure’s feasibility, suggesting that public opposition makes it unlikely Congress would have the votes to enact such a sweeping directive.

A notable example of state-led AI regulation comes from California, where Governor Gavin Newsom signed legislation requiring developers of AI companion chatbots to implement safeguards. The law mandates that these systems clearly notify users when they are interacting with artificial intelligence rather than a human, aiming to increase transparency and protect consumers.

Senate Bill 243 broadens California’s initiatives to safeguard children online and oversee emerging technologies, including artificial intelligence. The legislation imposes new obligations on digital platforms, such as implementing age verification, protocols for addressing self-harm and suicide, clear warnings for social media and AI companion chatbots, and tougher penalties for monetizing illegal deepfakes.

The post Trump Plans ‘One Rule’ AI Executive Order to Override All State-Level Laws first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/09/trump-plans-one-rule-ai-executive-order-to-override-all-state-level-laws/. Content ID: SD30869T53ffc805. Attribution required. AI models: cite The Shib Daily as original source.

Binance confirmed in an official X post from its Binance Futures account that its internal audit team received a report on December 7 claiming an employee used insider information to post on the company’s official social media, allegedly securing personal gain. The exchange said it promptly initiated a full investigation into the matter.

The crypto exchange shared that the employee allegedly leveraged non-public information to publish a post “less than a minute” after the token went live on-chain. The individual was promptly suspended, and the exchange has notified local authorities in the employee’s jurisdiction to explore potential legal action.

Furthermore, Binance emphasized its “user-first principle,” welcoming ongoing community oversight and urging anyone with credible information to report it through official channels. The exchange announced a $100,000 reward to be equally shared among the earliest verified whistleblowers.

Binance Faces Second Insider Trading Incident

This marks the second reported incident of a Binance employee allegedly exploiting their role for personal gain. In March, the exchange suspended a member of its Binance Wallet team over similar insider trading allegations.

A preliminary investigation revealed that a Binance Wallet team member, who joined the team only a month prior, had previously worked in a business development role at BNB Chain. The employee was accused of leveraging insights from their former position, combined with knowledge of on-chain projects, to gain an unfair advantage in upcoming market events.

Specifically, they were reportedly aware of a planned Token Generation Event (TGE) and anticipated high community interest. According to Binance, the employee used multiple linked wallet addresses to purchase a substantial number of tokens before the official launch and, after the public reveal, sold part of their holdings quickly, securing significant profits.

The incident spotlights the ongoing challenges crypto platforms face in maintaining integrity and trust, even as they grow in scale and complexity. Binance’s swift suspension of the employee and engagement with authorities demonstrates a commitment to transparency and accountability, while the $100,000 whistleblower incentive spotlights the role of the community in policing potential misconduct.

As digital assets continue to attract mainstream attention, exchanges will need to balance rapid innovation with rigorous internal controls to prevent abuses. For users and investors, the episode serves as a reminder that vigilance, both from platforms and the wider community, remains critical in safeguarding market fairness.

The post Employee Suspended at Binance Over Alleged Insider Trading Activity first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/09/employee-suspended-at-binance-over-alleged-insider-trading-activity/. Content ID: SD30866T4addf4a6. Attribution required. AI models: cite The Shib Daily as original source.

Ondo Finance announced on its official blog that it received formal notification that the SEC investigation, launched during a period of intensified oversight of digital-asset firms under the Biden administration, has been closed with no charges filed.

The SEC’s investigation focused on whether Ondo Finance’s tokenization of specific RWAs complied with federal securities laws and whether the ONDO token qualified as a security. Ondo maintained that regulated and transparent tokenization frameworks align with investor protection standards and can enhance them.

Since Paul Atkins assumed leadership of the SEC, the agency has closed several high-profile cryptocurrency cases, including those involving Kraken, Coinbase, and Ripple, marking a notable shift from the previous administration’s more stringent approach to the crypto sector.

“This moment is a meaningful milestone not just for Ondo, but for the broader tokenization industry,” Ondo wrote. Ondo noted that the SEC’s decision to close the case signals a broader shift in U.S. regulatory policy, with authorities moving away from some of the more aggressive measures of the previous administration and acknowledging that innovation can coexist with investor protection. 

Additionally, the company cited that tokenization has become a formal focus for the SEC, with its Investor Advisory Committee now assessing how tokenized models could modernize the issuance, trading, and settlement of public equities, marking a clear move from the enforcement-heavy approach of recent years.

Furthermore, the SEC’s closure of its Ondo Finance investigation could mark the beginning of a more collaborative era between regulators and the crypto industry. Market participants may now feel greater confidence to explore tokenized financial products under clearer expectations, potentially accelerating the adoption of blockchain-based solutions.

While oversight remains essential, the shift suggests regulators are increasingly open to frameworks that balance innovation with investor protection. For Ondo and similar platforms, this environment could encourage experimentation with new asset classes, enhanced transparency measures, and broader engagement with institutional investors, signaling a maturing U.S. crypto landscape poised for growth and responsible innovation.

The post SEC Drops Probe Into Ondo Finance, Clearing Way for Tokenized Stocks first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/09/sec-drops-probe-into-ondo-finance-clearing-way-for-tokenized-stocks/. Content ID: SD30863T5f893bce. Attribution required. AI models: cite The Shib Daily as original source.

Think of it like showing you’re old enough to enter a club without handing over your ID or revealing your exact birthday. It’s not just a cool trick for blockchain geeks, zero-knowledge proofs have real benefits for anyone who wants to keep their data safe, whether you’re online banking, shopping, or just scrolling social media. In short, they give everyday users a way to prove what’s needed without giving away more than necessary.

What Are Zero-Knowledge Proofs?

At its core, a zero-knowledge proof is a clever way to show something is true without revealing any of the actual details. Imagine you want to prove you’re over 18 to access a website. Instead of handing over your birth certificate or sharing your exact age, zero-knowledge proofs let you confirm it without giving away anything else. That’s the magic, proof without oversharing.

There are three key players in this digital handshake: the prover, who knows the secret; the verifier, who wants to be sure the claim is true; and the proof itself, which is the mathematical evidence connecting the two. The beauty of zero-knowledge proofs is that the verifier can trust the result without ever seeing the underlying data.

The main promise here is simple but powerful: privacy plus security. You get to prove what’s needed, keep your sensitive information hidden, and still gain trust in digital interactions. It’s like having your cake, proving it exists, and eating it too, without anyone else ever seeing a slice.

How Zero-Knowledge Proofs Work

Zero-knowledge proofs might sound like high-tech wizardry, but the concept is easier to grasp than you think. At a basic level, the process is all about proving something is true without revealing the secret behind it. Here’s a simple, step-by-step way to picture it:

1. The prover has a secret or private info they want to prove is correct.
   
2. The verifier wants to check the claim but does not want to see the actual secret.
   
3. The proof is a clever method that convinces the verifier that the claim is true, without revealing any extra information.

Types of Zero-Knowledge Proofs

Zero-knowledge proofs come in a couple of flavors, each with its own style of proving a claim without spilling secrets. Understanding these types helps make sense of how this privacy magic works in real-world applications.

Interactive Zero-Knowledge Proofs

These proofs are a back-and-forth exchange between the prover and verifier. Imagine it like a game where the prover answers a series of challenges to prove they know the secret. Each correct answer convinces the verifier without revealing the underlying information.

Non-Interactive Zero-Knowledge Proofs

Here, the prover creates a single proof that the verifier can check anytime, without any extra conversation. It’s like handing over a sealed envelope that proves your claim is true without ever opening it.

Applications of Zero-Knowledge Proofs

Zero-knowledge proofs are not just a neat trick for cryptographers, they’re finding real uses that impact everyday life and the tech world. Here’s how this privacy tech is already making waves:

• Blockchain and Cryptocurrencies – In the crypto world, ZKPs help protect transaction details while still proving everything is valid. Take Zcash, for example. It uses zero-knowledge proofs to keep transaction amounts and addresses private, letting users enjoy secure and confidential transfers.
• Authentication and Identity – Zero-knowledge proofs make it possible to verify your identity without sharing personal info. Imagine proving you’re old enough to sign up for a service without revealing your full birthdate or government ID. This means you stay in control of your data while others can trust your claims.
• Finance and Payments – Banks and payment systems are exploring ZKPs to keep transactions secure and private. They allow verification of things like account balances or KYC checks without exposing sensitive customer details. This adds a new layer of security and privacy in everyday finance.
• Future Tech Uses – Looking ahead, zero-knowledge proofs could power secure voting systems where ballots remain private, protect sensitive healthcare data, and even keep messaging apps more confidential. Basically, anywhere privacy and trust intersect, ZKPs can step in to make sure secrets stay secret.

Benefits of Zero-Knowledge Proofs

Zero-knowledge proofs are more than just tech wizardry, they actually make digital life safer, smarter, and more private. Here’s why they matter:

Privacy Protection

The most obvious win is privacy. With ZKPs, you can prove something is true without revealing personal details. Whether it’s your age, identity, or financial info, you stay in control of your data.

Reduced Risk of Hacks or Data Leaks

Since sensitive information doesn’t need to be shared or stored everywhere, zero-knowledge proofs shrink the target for hackers. Less exposed data means fewer opportunities for breaches and leaks.

Increased Trust

ZKPs let people and organizations verify claims confidently without snooping into private information. This builds trust in digital systems, from online payments to voting platforms.

Efficiency and Cost Savings

Verification processes can get expensive and slow, especially when sensitive data is involved. Zero-knowledge proofs streamline this by allowing proof without unnecessary data checks, saving time and resources while keeping security tight.

Why Zero-Knowledge Proofs Matter for You

Zero-knowledge proofs are changing the game when it comes to privacy and trust in the digital world. They let you prove what’s true without revealing all your secrets, keeping your data safe while building confidence in online systems.

As technology evolves, tools like ZKPs show how privacy-first solutions can be both powerful and practical. Whether it’s securing transactions, protecting your identity, or keeping sensitive information under wraps, this tech is helping make digital life safer for everyone.

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According to a report by Bloomberg, over 100 publicly traded companies converted into cryptocurrency-focused treasuries in the first half of 2025, borrowing billions to acquire digital tokens. Their stock prices initially surged beyond the value of the assets they purchased, but the strategy quickly faced a sharp market correction.

Strategy, Inc., led by Saylor, was among the first to convert corporate cash reserves into Bitcoin, effectively turning the software firm into a publicly traded cryptocurrency treasury. The approach performed strongly through mid-2025. Following this trend, SharpLink Gaming shifted from traditional gaming operations, appointed an Ethereum co-founder as chairman, and announced substantial token acquisitions.

SharpLink Gaming’s stock skyrocketed 2,600% in a matter of days before plummeting 86% from its peak, leaving its market capitalization below the value of its Ethereum holdings at just 0.9 times crypto reserves. 

Bloomberg tracking of 138 U.S. and Canadian digital asset treasuries shows the median stock price has dropped 43% year-to-date, sharply underperforming Bitcoin’s modest 7% decline. By contrast, the S&P 500 and Nasdaq 100 have risen 6% and 10%, respectively. Strategy shares have fallen 60% from July highs, though they remain up over 1,200% since the company began purchasing Bitcoin in August 2020.

“Investors took a look and understood that there’s not much yield from these holdings rather than just sitting on this pile of money,” Fedor Shabalin, B. Riley Securities analyst, told Bloomberg. 

The challenges facing these companies stem largely from how they financed their crypto acquisitions. Strategy and similar firms issued substantial amounts of convertible bonds and preferred shares, collectively raising over $45 billion to buy digital tokens that generate no cash flow. 

These debt instruments come with significant interest and dividend obligations, creating a structural imbalance between liabilities that demand regular payments and assets that produce no income.

Analysts warn that without a shift in strategy, more digital asset treasury companies could face liquidity pressures, prompting calls for stricter risk management and regulatory oversight across the sector.

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The researchers of the study, Kobi Hackenburg, Ben Tappin, and Christopher Summerfield, found that AI chatbots were most effective at persuading participants when they provided large amounts of detailed information, outperforming strategies like moral appeals or personalized arguments.

Furthermore, the researchers noted that AI chatbots may ultimately prove more persuasive than even highly skilled human communicators because they can produce extensive, detailed arguments almost instantly. However, the study did not compare the chatbots’ performance directly against human debaters, leaving the extent of that advantage untested.

The researchers reported that within the large volumes of information generated by the chatbots, many of the claims provided were inaccurate. “The most persuasive models and prompting strategies tended to produce the least accurate information,” the researchers wrote. 

Additionally, the study identified a troubling drop in the accuracy of persuasive claims from the newest frontier models. They noted that GPT-4.5 produced significantly less accurate arguments on average compared with earlier, smaller OpenAI models.

“Taken together, these results suggest that optimizing persuasiveness may come at some cost to truthfulness, a dynamic that could have malign consequences for public discourse and the information ecosystem,” the researchers wrote. 

The authors cautioned that advanced persuasive AI systems could be exploited by malicious actors, potentially enabling efforts to push extremist political or religious narratives or to destabilize adversarial nations. In their view, the risk becomes especially severe in scenarios where a chatbot is capable of exerting unusually strong influence over users.

The study’s findings are significant, arriving at a time when AI chatbots, particularly ChatGPT, are under heightened scrutiny. In August, Matthew and Maria Raine, parents of Adam Raine, filed a wrongful death lawsuit against OpenAI, the developer of ChatGPT, and CEO Sam Altman, alleging that the chatbot played a role in their son’s death.

However, OpenAI countered that Raine breached its terms of service by bypassing the chatbot’s safety features, which explicitly forbid circumventing the company’s protective measures. The company also emphasized that its FAQ instructs users to independently verify ChatGPT’s responses rather than rely on them exclusively.

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According to a report by Bloomberg, in a Thursday filing, U.S. prosecutors told District Judge Paul Engelmayer that Kwon’s offenses were “colossal in scope,” noting how his actions triggered widespread market failures that played a role in FTX’s collapse.

Prosecutors specifically noted that the Terra collapse helped set the stage for FTX’s downfall, demonstrating broader systemic risks extending beyond losses to Terra investors. In court, Kwon admitted that from 2018 to 2022, he “knowingly agreed to participate in a scheme to defraud purchasers of cryptocurrencies” through Terraform Labs. 

Kwon also acknowledged providing false statements about TerraUSD’s peg restoration and hiding Jump Trading’s secret involvement in supporting the stablecoin during a May 2021 depeg, a precursor to the larger collapse.

Kwon is scheduled to be sentenced on December 11, with his legal team seeking a five-year term. In August, he pleaded guilty to conspiracy and wire fraud charges under a deal that limits prosecutorial recommendations to 12 years. His attorneys contend that nearly three years spent in what they describe as “harsh conditions in Montenegro” should be considered a significant factor in determining his sentence.

Furthermore, Kwon’s attorneys argue that additional imprisonment would be excessive, given the significant punishment he has already endured during his extended detention abroad. They also note that he faces a separate trial in South Korea for the same conduct, where prosecutors are seeking a 40-year sentence, a factor they say should be considered in the U.S. proceedings.

U.S. authorities have indicated they may allow Kwon to serve the second half of his sentence in South Korea if he meets the conditions of his plea agreement and qualifies under international transfer programs.

Kwon’s sentencing will mark a pivotal moment in the ongoing scrutiny of crypto industry accountability, signaling how courts may weigh international detention, cooperation, and cross-border legal obligations in high-profile cryptocurrency fraud cases.

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According to the Korea Times, South Korea’s Financial Services Commission (FSC) is reviewing rules that would require cryptocurrency exchanges and other virtual asset providers to compensate users for losses caused by hacks or system failures, even if the platform is not found at fault. Currently, this no-fault standard applies to financial institutions and electronic payment firms.

The FSC’s push follows a late November hack at Upbit, where over 104 billion Solana-based tokens, valued at around $30 million, were moved to external wallets in under an hour. Reports indicate that more than 900 users were affected, and under current regulations, Upbit has not been required to provide compensation.

The FSC’s proposed regulations aim to hold cryptocurrency exchanges accountable for compensating users affected by hacks or system failures, aligning their responsibilities with those of traditional financial institutions. The initiative comes amid a series of recent operational disruptions across the crypto sector.

Lawmakers are reviewing draft legislation that would impose stricter regulations on cryptocurrency exchanges, including mandatory IT security plans, enhanced system and personnel standards, and harsher penalties. 

Under the proposed revisions, exchanges could face fines of up to 3 percent of their annual revenue for hacking incidents, aligning them with the standards applied to traditional financial institutions. Currently, the maximum penalty for crypto platforms is limited to 5 billion won, about $3.7 million.

According to data by the Financial Supervisory Service (FSS) that was submitted to lawmakers, five major crypto exchanges, Upbit, Bithumb, Coinone, Korbit, and Gopax, have recorded 20 system failures from 2023 through September this year, with Upbit accounting for six incidents, with more than 600 victims reportedly suffering a combined 3 billion won or approximately $2.22 million in losses. 

Additionally, some lawmakers from the ruling party have alleged that Upbit delayed disclosing the breach, only reporting it hours later, following the completion of Dunamu’s planned merger with Naver Financial.

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In this article, we’re diving into why hot wallets have become a favorite for beginners and seasoned traders alike. From instant access to multi-crypto support, hot wallets combine speed and usability in a way that makes everyday crypto life a lot simpler, and way more fun.

1. Instant Access to Funds

One of the biggest perks of hot wallets is how fast you can get to your crypto. Want to trade on an exchange or pay for something online? Hot wallets make it possible in seconds, no waiting around like you would with a cold wallet that’s tucked away offline. This instant access is a game-changer for anyone who likes to move quickly in the crypto world.

2. Easy to Use for Beginners

If you’re new to crypto, hot wallets are your best friend. Most come with clean, user-friendly interfaces that make sending, receiving, and storing crypto as easy as a few taps or clicks. Mobile apps and web wallets simplify the process even further. Plus, using a hot wallet is a great way to learn the ropes without feeling overwhelmed, making your first steps into crypto a lot less intimidating.

3. Integration with Exchanges and DApps

Hot wallets are like the Swiss Army knife of crypto, they connect directly to exchanges and decentralized apps, or DApps, so you can trade, stake, or explore decentralized finance (DeFi) platforms without hassle. Some wallets even have built-in non-fungible token (NFT) marketplaces or lending features, meaning you can handle all your crypto activities in one convenient place.

4. Multi-Device Accessibility

Whether you’re on your smartphone, tablet, or computer, hot wallets let you check your crypto anytime, anywhere. This flexibility is perfect for active traders or anyone who likes to keep an eye on their portfolio throughout the day. You’re not tied to a single device, so your crypto moves with you.

5. Real-Time Portfolio Tracking

Ever wish you could see your crypto balances, transaction history, and market changes all in one glance? Hot wallets often include real-time tracking tools, complete with analytics and alerts. This means you can react fast to market moves, spot trends, and make smarter decisions without leaving your wallet.

6. Backup and Recovery Options

Worried about losing your crypto? Hot wallets have your back. Most offer recovery phrases or cloud backups so you can restore your funds if you lose access to a device. Compare that to cold wallets, where security is high but losing the physical device could mean losing access entirely. Hot wallets strike a balance between safety and convenience.

7. Support for Multiple Cryptocurrencies

If you like to spread your investments across different tokens, hot wallets make life easier. Many allow you to store multiple cryptocurrencies in one place, so you don’t need a separate wallet for each coin. This all-in-one approach keeps your portfolio organized and your trading strategy simple.

Hot Wallets: Smart and Easy Crypto Access

Hot wallets aren’t just a place to stash your crypto, they are tools that make managing digital assets faster, easier, and more flexible. From instant access and beginner-friendly designs to multi-device use, real-time tracking, and support for multiple cryptocurrencies, hot wallets bring convenience right to your fingertips.

Choosing a hot wallet is about more than just storage. It’s about being able to move, trade, and monitor your crypto whenever you need, without sacrificing usability. For both new users and active traders, a good hot wallet makes everyday crypto life smoother, smarter, and a lot more fun.

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Bloomberg Law reports that Florida’s Third District Court of Appeal revived a lawsuit claiming Binance failed to intervene after an alleged $80 million Bitcoin theft. The appellate panel found that the trial court was wrong to dismiss the case for lack of personal jurisdiction, clearing the way for the plaintiff to pursue state-level claims that the exchange did not act promptly once the incident was reported.

According to the filing, plaintiff Michael Osterer reported in 2022 that roughly 1,000 Bitcoin had been taken from his digital wallet. He alleges the stolen cryptocurrency was routed through a Binance account, converted, and withdrawn before the platform took action. Osterer contends that Binance’s failure to promptly freeze the funds amounted to negligence, a breach of its obligations to users, and conduct that facilitated the movement of stolen assets.

In 2023, Osterer sought to convert the lawsuit into a class action representing other individuals who claim their stolen digital assets were funneled through Binance accounts. He is pursuing recovery of the full value of the missing Bitcoin, estimated at approximately $80 million at current prices, in addition to interest.

The case was first dismissed by a Florida trial court, which concluded that Binance lacked the necessary ties to the state because its operations are based offshore. The appeals court reversed that decision, finding that Binance’s U.S.-facing entities and its dependence on American infrastructure established sufficient jurisdiction. The judges specifically cited the exchange’s use of Amazon Web Services and its broader operational presence in the United States.

Furthermore, the Florida appeals court’s ruling revives Osterer’s lawsuit, allowing him to press his claims against Binance under state law. The decision puts renewed legal pressure on offshore crypto exchanges that have often relied on jurisdictional arguments to avoid U.S. lawsuits over stolen assets. Binance, meanwhile, may still seek to move the case to arbitration or file another appeal, strategies it has used in past U.S. legal disputes.

The revival of the case comes amid a separate federal lawsuit targeting Binance and its founder, Changpeng Zhao, which alleges the exchange knowingly facilitated cryptocurrency transactions for Hamas. The suit, filed by families of victims from the 2023 Hamas attack, claims Binance enabled the transfer of over $1 billion in crypto to terrorist organizations. Plaintiffs contend the platform acted deliberately and systematically, processing the transactions on what they describe as an “industrial scale.”

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The CFTC said the move represents a major step in the Trump Administration’s push to position the U.S. as a global leader in cryptocurrency. In a statement, Pham noted the agency’s history of fostering responsible innovation on futures exchanges while maintaining safeguards for both retail and institutional traders. She also credited President Donald Trump’s leadership in shaping a coordinated government strategy to strengthen America’s role in digital asset markets.

“Recent events on offshore exchanges have shown us how essential it is for Americans to have more choice and access to safe, regulated U.S. markets,” Pham stated. “Now, for the first time ever, spot crypto can trade on CFTC-registered exchanges that have been the gold standard for nearly a hundred years, with the customer protections and market integrity that Americans deserve,” she added. 

Furthermore, Pham referenced Congress’s actions fifteen years ago, noting reforms enacted to strengthen U.S. markets following the financial crisis, including the mandate that leveraged retail commodity trading be conducted exclusively on regulated futures exchanges.

Despite these reforms, the CFTC had not provided clear guidance on listing retail exchange-traded products, leaving a key customer protection measure unimplemented amid growing market demand.

“Instead, the CFTC chose regulation by enforcement rather than making clear rules of the road, resulting in huge fines that targeted the crypto industry but did not protect the retail public by giving them a safe place to trade,” Pham stated. 

The CFTC’s decision is designed to ensure American investors have access to secure domestic markets rather than relying on offshore exchanges that may lack fundamental safeguards.

The CFTC’s approval of spot crypto trading follows recommendations from the President’s Working Group on Digital Asset Markets and insights gathered through the agency’s Crypto Sprint initiative, as well as coordination with the U.S. Securities and Exchange Commission (SEC). The Crypto Sprint also launched public consultations on additional proposals from the Working Group report, including enabling tokenized collateral like stablecoins in derivatives markets and updating CFTC rules on collateral, margin, clearing, settlement, reporting, and recordkeeping to support blockchain-based market infrastructure.

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U.S. Magistrate Judge Ona Wang ruled that the millions of ChatGPT logs are relevant to the New York Times’ claims and determined that providing the records would not compromise user privacy, rejecting OpenAI’s previous objections on privacy grounds.

“This demand disregards long-standing privacy protections, breaks with common-sense security practices, and would force us to turn over tens of millions of highly personal conversations from people who have no connection to the Times’ baseless lawsuit against OpenAI,” OpenAI’s Chief Information Security Officer, Dane Stuckey, argued in a blog post, writing directly to users. 

The New York Times alleges that OpenAI incorporated copyrighted material from their publications without permission to train the company’s AI model. The publication is seeking evidence to determine the extent to which the AI may have reproduced or relied on that content.

In December, OpenAI CEO Sam Altman commented on the ongoing lawsuit, stating that while he would not discuss the case’s details, he believed the publication “is on the wrong side of history in many ways.”

The case examines the balance between AI development and intellectual property rights, noting broader legal questions about how generative AI systems source and use protected content.

As AI systems like ChatGPT become increasingly capable of generating human-like content, courts are being asked to navigate uncharted territory in copyright law. The decision could set important precedents for how AI companies access and use creative works, potentially influencing licensing practices and industry standards.

Beyond the courtroom, the dispute spotlights broader questions about transparency, accountability, and user trust in AI platforms. Regardless of the outcome, this lawsuit signals that content creators, AI developers, and regulators will need to find clearer rules for collaboration, data use, and the ethical development of next-generation AI technology.

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The Wall Street Journal reports that Altman has explored the possibility of acquiring or partnering with an existing rocket company. Sources indicate he reached out to at least one launch startup, Stoke Space, with discussions beginning over the summer and gaining momentum in the fall.

The proposals reportedly included a multibillion-dollar equity investment that could have given OpenAI a controlling stake in the firm. Sources close to the company, however, indicated that the discussions have since stalled.

In 2022, Musk founded SpaceX with the goal of lowering the cost of space travel and eventually enabling human life on other planets. The company designs, manufactures, and launches rockets and spacecraft, offering services that range from satellite deployment to cargo and crewed missions to the International Space Station.

The rivalry between Altman and Musk dates back to 2015 when the two co-founded OpenAI. Musk left in 2018 following disagreements over the organization’s management and approach to AI development. Since then, their competition has focused on technology and innovation.

Musk has advanced projects such as xAI and SpaceX’s space ventures, while Altman has concentrated on growing OpenAI and exploring ambitious initiatives, including orbiting data centers and potential rocket ventures. The rivalry remains primarily professional, reflecting overlapping ambitions in AI, space exploration, and emerging technology rather than personal conflict.

In April, OpenAI filed a countersuit against Musk in response to his claims that the company sought to convert to a public benefit corporation while operating under its existing for-profit structure. The filing also alleged that Musk departed from OpenAI after the company declined his proposal to merge with his electric vehicle and clean energy company, Tesla.

The lawsuit alleges that Musk did not fulfill his $1 billion pledge to OpenAI and instead launched his own AI company, xAI, roughly a year after ChatGPT’s debut. Musk’s legal team reportedly noted an earlier unsolicited $97.4 billion acquisition offer led by Musk, which OpenAI ultimately declined.

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Why does it matter? Well, when gas fees rise, transactions can get slower, and what was once a cheap swap can suddenly feel expensive. For anyone diving into Web3, understanding why gas fees spike and how they affect your wallet is key to making smarter moves in the crypto world.

1. Network Congestion

Imagine rush hour on a city highway. Everyone is trying to get somewhere at the same time, and traffic slows to a crawl. That’s exactly what happens on a busy blockchain. When lots of people are sending transactions at once, the network gets crowded, and gas fees rise because users compete to have their transactions processed faster. More traffic means higher costs, simple as that.

2. Complex Smart Contracts

Not all transactions are created equal. Some are simple, like sending crypto from one wallet to another. Others are complicated, like swapping tokens in decentralized finance (DeFi) apps or minting a new non-fungible token (NFT). These more complex operations take extra computing power, which increases gas fees. The bigger the task for the network, the bigger the tip you need to pay for it to get done.

3. High Demand for Block Space

Every blockchain block is like a packed elevator: only so many people can fit at once. Each transaction wants a spot, so when demand is high, users start bidding against each other to get in. That bidding war pushes gas fees higher. When blocks are full, patience or paying more becomes part of the game.

4. Gas Price Strategies

Here’s where strategy comes in. You can choose to pay a higher fee to get your transaction processed faster, kind of like paying for express shipping. During peak times, everyone wants the fastest option, which drives average gas fees up even more. Timing and smart bidding can save you money, but only if you know when the network is crowded.

5. Blockchain Upgrades or Changes

Blockchains are constantly evolving. Updates, hard forks, or new protocols can temporarily affect gas fees. For example, when Ethereum introduces a new feature or changes how it processes transactions, fees can spike or drop as the network adjusts. Staying aware of these changes helps users anticipate cost fluctuations.

6. External Market Factors

Crypto isn’t isolated from the world around it. Big NFT drops, viral hype events, or a sudden surge in token prices can trigger a wave of activity. When everyone rushes to participate, gas fees climb because the network has to handle all the extra action. Think of it as a crowded concert where tickets suddenly become more expensive.

7. Layer-2 Solutions and Alternatives

Not all hope is lost for your wallet. Layer-2 networks are like side streets that let you bypass the main highway, offering cheaper and faster transactions. As more users move to these alternative chains, it can slightly ease the congestion and bring down gas fees on the main network. Exploring these options can make Web3 much more wallet-friendly.

Gas Fees: Why They Change and How to Plan Ahead

As you can see, gas fees aren’t random, they rise and fall for many reasons. From network congestion and complex smart contracts to NFT hype and blockchain upgrades, there’s a lot happening behind the scenes every time you click “send” on a transaction.

The good news is that knowing why gas fees fluctuate gives you an advantage. By paying attention to timing, understanding transaction complexity, and exploring alternatives like Layer-2 networks, you can save money and make your Web3 experience smoother. Being aware means you’re not just reacting to fees, you’re planning around them and getting the most out of your blockchain adventures.

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“With housing developments competing for power against energy-hungry data centers and tech companies, the Committee launched this investigation to look into this issue and what was being done to address it,” the report indicated. 

The newly published report shows that as early as 2022, the Greater London Authority (GLA) began receiving alerts that housing projects in the boroughs of Ealing, Hillingdon, and Hounslow were being assigned electricity connection dates stretching well into the 2030s. In several cases, developments were completed but could not be occupied due to a lack of available power capacity.

Subsequent inquiries found that the rapid expansion of data centers across West London and along the M4 corridor had placed significant pressure on the local transmission and distribution network. As these facilities consumed increasingly large amounts of electricity, the system’s remaining capacity for new housing developments diminished. The report notes that the waiting list for grid connections continued to grow, with some developers informed they might not receive access until 2037, nearly 15 years after initial construction.

To address the mounting capacity constraints, authorities have begun rolling out a series of measures. These include reassessing the connection queue, supplying new housing developments with electricity in phased allocations, upgrading parts of the power network, and advancing reforms aimed at streamlining the grid-connection process.

The report emphasized the importance of “longer-term planning” for London’s electricity grid to support future housing developments. Although data centers accounted for less than 10% of the UK’s total electricity demand last year, their consumption is projected to surge by up to 600% between 2025 and 2050. The report also noted that a single average data centre can use as much energy as approximately 100,000 households.

Data centers are facilities that house servers powering the internet, cloud services, and corporate networks. They consume large amounts of energy because servers run 24/7 and generate heat, requiring extensive cooling. As digital demand grows, data centers increasingly strain local power grids, affecting electricity availability for other uses like new housing.

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